Vijaya Laghubitta Opens FPO Subscription from Today
Vijaya Laghubitta has opened its follow-on public offering to rebalance promoter and public shareholding, offering over 466,000 shares at par value.
Vijaya Laghubitta Bittiya Sanstha Limited has opened applications for its follow-on public offering (FPO) from Sunday, aiming to rebalance its promoter and public shareholding structure to the regulatory threshold of 70:30.
Following the merger between former Naya Sarathi Laghubitta and Vijaya Laghubitta, the institution’s paid-up capital reached Rs 745.04 million, with promoter and public ownership standing at 74.39% and 25.61%, respectively. The FPO is being issued to align the ownership ratio with regulatory requirements.
Under the offering, the microfinance institution is issuing 466,817 ordinary shares at a par value of Rs 100 per share, amounting to Rs 46.68 million.
The issue will close on Poush 24 if fully subscribed, with a final deadline of Magh 5. Investors can apply for a minimum of 10 shares and a maximum of 1,000 shares.
For the FPO, ICRA Nepal has assigned the institution an ICRANP Issuer Rating of B, indicating a high level of risk in meeting financial obligations on time.
The issue is being managed by NMB Capital Limited. Applications can be submitted through the C-ASBA system via SEBON-approved banks and financial institutions, as well as through the Mero Share online platform operated by CDS and Clearing Limited.