Mahuli Laghubitta Closes FPO Issue Today: Oversubscribed By 41.35 Times

Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) is closing the issue of its 475,449.15 unit FPO shares today, Poush 9, 2081. The issue was opened for public subscription on Poush 5, 2081.

Key Details:

1. FPO Purpose:

This FPO is issued under the Banks and Financial Institutions Act, 2073, and NRB regulations, to increase public shareholding from 19.68% to the required 30% of the total issued capital

2. Issue Details:

To fulfill the requirement set by NRB, the company plans to issue 475,449.15 units of FPO shares to the general public at a par value of Rs. 100 each.
Issue Manager: LS Capital Limited.
Application Range: Minimum 10 units, maximum 1,000 units.

4. Subscription Update:

As of the latest report from CDSC, 1,386,203 applicants have applied for 1.96 crore units, resulting in an oversubscription of 41.35 times.

5. Credit Rating:

ICRA Nepal Rating: BB-@ (Under Watch with Negative Implications).
This indicates a moderate risk of default on financial obligations, with the rating reflecting general creditworthiness.

This FPO marks a significant step for Mahuli Laghubitta in complying with regulatory mandates and enhancing public participation.

About Company:

Mahuli Laghubitta Bittiya Sanstha Ltd. (MLBSL) is a national-level microfinance institution established under the Company Act 2063, with a paid-up capital of Rs. 282.17 million. Focused on empowering rural women and supporting small and medium enterprises (SMEs), Mahuli aims to promote social inclusion and provide easy access to financial services across Nepal. With 25 years of experience, Mahuli is known for building customer trust, addressing community needs, and contributing to social development. Through effective monitoring and expansion strategies, Mahuli is strengthening Nepal’s microfinance sector and reaching underserved areas.