Vijaya Laghubitta FPO Oversubscribed 51 Times; Strong Demand Seen in Super Khudi
Vijaya Laghubitta’s FPO has been oversubscribed more than 51 times, while Super Khudi Hydropower’s IPO for Nepalis working abroad has also drawn solid investor demand.
Investor demand surged sharply in the follow-on public offering (FPO) of Vijaya Laghubitta Bittiya Sanstha Limited, with subscriptions exceeding supply by a wide margin. As of 10:00 am on the final day of issuance, the FPO had attracted applications more than 51 times the shares on offer.
According to the latest data from CDS and Clearing Limited, the microfinance institution offered 466,817 shares under the FPO. However, applications were received from 2,070,193 investors seeking a total of 24,123,800 shares, translating into an oversubscription of about 51.68 times. The issue is being managed by NMB Capital Limited.
Strong interest was also recorded in the IPO of Super Khudi Hydropower Limited, which has been issued for Nepalis working abroad. Against an offering of 155,000 shares, the company received applications from 66,031 investors seeking 978,880 shares—an oversubscription of around 6.31 times. The issue will remain open until Poush 25, with Global IME Capital Limited acting as the issue and sales manager.
The heightened demand for both primary and follow-on offerings reflects renewed optimism in Nepal’s equity market. Given the heavy oversubscription in Vijaya Laghubitta’s FPO, share allocation is expected to be conducted through a lottery system, with investors likely to receive shares at the minimum application size of 10 units.