Vijaya Laghubitta to Issue FPO Starting from Poush 21

Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) is set to issue a Further Public Offering (FPO) starting from Poush 21. The microfinance institution is issuing the FPO to maintain a 70:30 shareholding ratio between promoters and the general public. Following the merger between former Naya Sarathi Laghubitta and Vijaya Laghubitta, the company’s paid-up capital reached NPR 745.04 million, with promoter and public shareholding standing at 74.39 percent and 25.61 percent respectively. To rebalance this ratio, the institution is issuing 466,817 ordinary shares at a par value of NPR 100 per share, amounting to a total issue size of NPR 46.68 million.

The FPO will close as early as Poush 24 and no later than Magh 5. Investors can apply for a minimum of 10 shares and a maximum of 1,000 shares. ICRA Nepal has assigned the company an “ICRANP Issuer Rating B (At Rating),” indicating a high level of risk in meeting its financial obligations on time. NMB Capital Limited has been appointed as the issue and sales manager. Eligible investors can apply through the C-ASBA system via SEBON-authorized banks and financial institutions, as well as through the ‘Mero Share’ online platform developed by CDS and Clearing Limited.