FPO Issue of Vijaya Laghubitta Bittiya Sanstha Limited Closing Today; Oversubscribed 51.67 Times So Far
Summary
Vijaya Laghubitta Bittiya Sanstha Limited is closing its FPO issue today after being oversubscribed 51.67 times, aiming to raise Rs 4.66 Crores to meet public shareholding requirements.
Key Points
- Vijaya Laghubitta Bittiya Sanstha Limited is closing the issue of 466,817 FPO shares today at Rs. 100 face value.
- The FPO is oversubscribed by 51.67 times with over 20 million applications for 241 million units.
- ICRA Nepal downgraded VLBS's issuer rating to 'B' with a negative watch indicating high risk of default.
- VLBS operates 135 branches across 44 districts in Nepal and reported a net profit of NPR 32 million in Q1 FY2026.
