Vijaya Laghubitta Bittiya Sanstha FPO Allotment Concludes: Lucky 46,681 Applicants Allotted 10 Units Each via Lottery System
Summary
Vijaya Laghubitta Bittiya Sanstha Limited completed its Further Public Offering, allotting 10 units each to 46,681 applicants through a lottery, raising Rs 4.66 Crores. The issuer rating was downgraded to B by ICRA Nepal reflecting increased financial risk.
Key Points
- Vijaya Laghubitta Bittiya Sanstha Limited completed allocation for its Further Public Offering (FPO) at NMB Capital Limited, Baluwatar, Kathmandu.
- The company issued 466,817 shares at Rs 100, raising Rs 4.66 Crores with 21,99,026 applications for 25 million shares.
- A total of 46,681 applicants received 10 units each through a lottery system, with 7 applicants allotted 1 unit each.
- ICRA Nepal downgraded VLBS's issuer rating from B+ to B, indicating a high risk of default in servicing financial obligations.
