KATHMANDU, Jan 5: Vijaya Laghubitta Bittiya Sanstha has opened applications for its Further Public Offering (FPO) from Monday. The microfinance company has issued the FPO for the general public.
The company has issued 466,817 shares at a face value of Rs 100 per share, amounting to Rs 46.68 million, equivalent to 30 percent of its paid-up capital.
Vijaya Laghubitta receives approval to issue FPO worth Rs 466 m...
Vijaya Laghubitta’s paid-up capital stands at Rs 745.04 million. Following the merger between former New Sarathi Laghubitta and Vijaya Laghubitta, the share structure was revised. The FPO has been issued to maintain a 70:30 shareholding ratio.
After the FPO, the company’s paid-up capital will reach Rs 791.7 million. Investors can apply for the FPO until January 8. NMB Capital has been appointed as the issue and sales manager.
As of the end of last fiscal year (mid-July), the company reported an earnings per share (EPS) of Rs 12.62 and a net worth per share of Rs 161.70. The microfinance institution had a retained profit of Rs 36 million during the same period.
