Vijay Laghubitta Financial Institution Limited will open a Follow-on Public Offering (FPO) from Poush 21 to adjust the shareholding ratio between founders and public shareholders to 70:30 following its merger with Naya Sarathi Laghubitta.

Vijay Laghubitta Financial Institution Limited is set to open an FPO from Poush 21. The issuance aims to maintain the founder-to-public shareholding ratio at 70:30 after the merger between the former Naya Sarathi Laghubitta and Vijay Laghubitta. Following the merger, the institution’s paid-up capital increased to NPR 74,50,40,359, and the post-merger shareholding ratio of 74.39:25.61 between founders and public shareholders necessitated this FPO.

The FPO will comprise 4,66,817 ordinary shares at a face value of NPR 100 per share, totaling NPR 4,66,81,700. Applications for the FPO can be submitted from Poush 21 to Mangal 5, with a minimum application of 10 shares and a maximum of 1,000 shares per investor.

In the FPO rating, ICRA Nepal assigned Vijay Laghubitta an ICRANP Issuer Rating of ‘B atdret’, indicating a high risk regarding the institution’s ability to meet its financial obligations on time.

The IPO issuance and sales management is handled by NMB Capital Limited. Investors can apply through ASBA-participating banks and financial institutions approved by SEBON or via the ‘Mero Share’ online system developed by CDS & Clearing Limited.

This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.