Kathmandu: Vijay Laghubitta Bittiya Sanstha Limited has opened its Follow-on Public Offering (FPO) for subscription from today. The microfinance institution is issuing the FPO to maintain the shareholding ratio of 70:30 between founder shareholders and the general public.
Following the merger of former Naya Sarathi Laghubitta Bittiya Sanstha and Vijaya Laghubitta Bittiya Sanstha, the institution’s paid-up capital has reached Rs 745.04 million. Prior to the FPO, the shareholding structure stood at 74.39 percent for founders and 25.61 percent for general shareholders. The new issuance aims to rebalance this ratio as per regulatory requirements.
Under the FPO, the institution is issuing 466,817 additional ordinary shares at a par value of Rs 100 per share, amounting to a total issue size of Rs 46.68 million. The issue will close on Poush 24 at the earliest and Magh 5 at the latest, depending on subscription levels.
General investors can apply for a minimum of 10 shares and a maximum of 1,000 shares.
NMB Capital Limited has been appointed as the issue manager. Investors can apply through the C-ASBA system via ASBA-participating banks and financial institutions approved by the Nepal Securities Board. Applications can also be submitted online through the ‘Mero Share’ platform developed by CDS and Clearing Limited.
