Vijaya Laghubitta Financial Institution Limited is set to open its follow-on public offering (FPO) from Poush 21, aiming to realign its promoter and public shareholding structure to the regulatory requirement of 70:30.

Following the merger between the former Naya Sarathi Laghubitta Financial Institution and Vijaya Laghubitta, the company’s paid-up capital reached Rs 745.04 million. At present, promoter and public shareholding stands at 74.39% and 25.61%, respectively. The FPO is intended to adjust this ratio.

Under the offering, the company plans to issue 466,817 ordinary shares at a par value of Rs 100 per share, raising Rs 46.68 million. The issue will close on Poush 24 if fully subscribed and no later than Magh 5.

Retail investors can apply for a minimum of 10 shares and a maximum of 1,000 shares.

For the FPO, ICRA Nepal has assigned the issuer an ICRA NP Issuer Rating of B, indicating a high risk in the company’s ability to meet its financial obligations on time.

The issue is being managed by NMB Capital Limited. Applications can be submitted through ASBA-participating banks and financial institutions approved by the Securities Board of Nepal, as well as via the C-ASBA system using the “Mero Share” platform developed by CDS and Clearing Limited.