Vijaya Laghubitta Bittiya Sanstha FPO Allotment Concludes: Lucky 46,681 Applicants Allotted 10 Units Each via Lottery System
Tue, Jan 20, 2026 9:56 AM on IPO/FPO News, IPO/FPO Result News, Latest,
On Magh 06, Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) completed the allocation process for its Further Public Offering (FPO). The distribution took place at the premises of NMB Capital Limited, Baluwatar, Kathmandu.
The company issued 4,66,817 unit shares at Rs 100 per share from 21st Poush, 2082, and collected Rs 4.66 Crores from this FPO. The offering was open from 21st Poush to 24th Poush, 2082.
The FPO witnessed an overwhelming response, with 21,99,026 applicants submitting applications for a total of 25,041,000 shares, far exceeding the number of shares available. As a result, 21,96,034 applications were approved, while 40,420 applications were canceled due to discrepancies or other issues.
According to the allotment module, 46,681 applicants received 10 units each through a lottery, and 7 applicants received 1 unit each.
Allotment Module:
The IPO result can be accessed by CDSC IPO Result, MeroShare, and NMB Capital Limited.
ICRA Nepal has downgraded the issuer rating of Vijaya Laghubitta Bittiya Sanstha Limited from [ICRANP-IR] B+ to [ICRANP-IR] B, with the rating remaining on ‘Watch with Negative Implications’. This rating indicates a high risk of default in the timely servicing of financial obligations. The rating reflects the company’s overall creditworthiness and is not linked to any specific debt instrument.
Incorporated in 2012 and operational since 2013, Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) is headquartered in Dhulikhel, Kavre, with 135 branches across 44 districts as of mid-October 2025. Major promoters include Goodwill Finance (~11% stake) and Kumari Bank (~7% stake). VLBS merged with Naya Sarathi Laghubitta Bittiya Sanstha in July 2023 on a 1:1 share swap ratio. Post-merger, public shareholding fell to ~26%, prompting a proposed FPO to restore it to 30%. The company reported a net profit of NPR 32 million in Q1 FY2026, with total assets of NPR 11,306 million, gross NPLs at 13.6%, and a CRAR of 9.6%.
