Mahuli Laghubitta Bittiya Sanstha Opens FPO Issue

Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) has opened the issuance of 475,449.15 units of Further Public Offering (FPO) shares starting 5th Poush, 2081.

Key Details:

1. Issue Timeline:

Early closing date: 9th Poush, 2081.
Extended closing date (if under-subscribed): 19th Poush, 2081.

2. Purpose of the FPO:

To comply with the Banks and Financial Institutions Act, 2073, and NRB regulations, requiring at least 30% public shareholding.
The issuance will increase public shareholding from the current 19.68% to 30% of total issued capital.

3. Application Details:

Minimum: 10 units.
Maximum: 1000 units.

4. Issue Manager:

LS Capital Limited is managing the FPO issuance.

5. Rating:

ICRA Nepal has reaffirmed the BB-@ issuer rating, indicating a moderate risk of default.
The rating remains under Watch with Negative Implications, reflecting overall creditworthiness rather than specific debt instruments.

This FPO is a significant step for Mahuli Laghubitta to strengthen compliance and expand public investment opportunities.

Notice of FPO Issue:

About C0pmpany:

Mahuli Laghubitta Bittiya Sanstha Ltd. (MLBSL) is a national-level “D” class microfinance institution with a focus on empowering rural women through financial inclusion and enterprise development. Established under the Company Act 2063, it originated from Mahuli Community Development Center (MCDC) and has grown over 25 years into a trusted provider of microfinance services across Nepal. With a mission to drive sustainable economic development, MLBSL integrates rural women into a single platform, offering financial access for small and medium enterprises. It emphasizes social inclusion, training, and development, aiming to expand outreach, boost incomes, and build a strong microfinance ecosystem.