Vijaya Laghubitta Bittiya Sanstha Limited Opening 4,66,817 Units FPO Shares Issue to General Public From Today

Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) has commenced the issuance of its 4,66,817 FPO shares starting today, i.e., 21st Poush, 2082. The early closing date for this offering is set for the 24th Poush, 2082. However, the deadline may be extended until 5th Magh, 2082 if it remains under-subscribed.

According to the Banks and Financial Institutions Act of 2073 and the NRB, at least 30% of the issued capital should be retained by public shareholders for the company to issue 1,23,816.45 units of FPO shares to the general public. At present, the promoter: public share structure is a 74.39:25.61 ratio, which, after this FPO, will be a 70: 30 ratio.

The company is issuing 4,66,817 unit shares of Rs 100 face value from today, i.e., from 21st Poush, 2082, and intends to collect Rs 4.66 Crores from this FPO. NMB Capital Limited has been appointed as the issue manager for the FPO issuance. Applications can be placed for a minimum of 10 units and a maximum of 1,000 units.

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%.

 VLBS closed at Rs. 765.00.