FPO Allotment of Mahuli Laghubitta Concludes; 47,554 Applicants Out Of 16,87,774 Gets 10 Units

On Poush 19, Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) completed the allocation process for its Follow-on Public Offering (FPO). The distribution took place at Laxmi Sunrise Capital, the appointed issue and sales manager.

The microfinance institution had issued a total of 475,449.15 shares in the FPO, with each share priced at a nominal value of NPR 100, totaling NPR 47,544,915. The offering was open from Poush 5 to 9, 2081.

The FPO witnessed an overwhelming response, with 16,92,106 applicants submitting applications for a total of 22,852,080 shares, far exceeding the number of shares available. As a result, 16,87,774 applications were approved, while 4,332 applications were canceled due to discrepancies or other issues.

Given the high demand, the allocation process was conducted through a lottery system, following the guidelines. As a result, 47,554 fortunate applicants received 10 shares each. Furthermore, 9 applicants were allocated one additional share, while one applicant received 0.15 share.

This successful FPO marks a significant milestone for Mahuli Laghubitta as it continues to expand its shareholder base and solidify its presence in the Nepali financial sector.

The IPO result can be accessed by CDSC IPO Result, MeroShare, and LS Capital Limited.