Vijaya Laghubitta Bittiya Sanstha Limited has opened its Further Public Offering (FPO) for the general public starting today (Poush 21). The FPO is being issued to maintain the share ownership ratio of 70 percent promoters and 30 percent general public.
Following the merger of Naya Sarathi Laghubitta and Vijaya Laghubitta, the company’s paid-up capital reached NPR 745,040,359. At that time, the promoter-to-public shareholding ratio stood at 74.39:25.61. To adjust this ratio, the company is issuing 466,817 ordinary shares through the FPO. The total value of the FPO amounts to NPR 46,681,700.
The FPO is being issued at a par value of NPR 100 per share. The issue will close as early as Poush 24 and, if not fully subscribed, will remain open until 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 company an ‘ICRANP Issuer Rating BB-’ (B At), indicating a high level of risk in the company’s ability to meet its financial obligations on time.
NMB Capital Limited has been appointed as the issue and sales manager for the FPO. Investors can apply through C-ASBA via banks and financial institutions providing ASBA services, as well as through the ‘Mero Share’ online platform.
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