FPO Issue of Mahuli Laghubitta Closing Today; Oversubscribed 41.35 Times So Far

Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) is closing the issue of its 4,75,449.15 unit FPO shares at a par value of Rs. 100 from today i.e. 9th Poush, 2081. The issue opened on 5th Poush, 2081.

As per the Banks and Financial Institutions Act, 2073, and NRB regulations, at least 30% of the issued capital must be held by public shareholders. To meet this requirement, the company plans to issue 475,449.15 units of FPO shares to the general public. This initiative aims to increase the current public shareholding from 19.68% to the mandated 30% of the total issued capital.

LS 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 1000 units.

According to CDSC, 13,86,203 applications have applied for a total of 1,96,60,530 units. Thus, the issue has already been oversubscribed by 41.35 times so far.

ICRA Nepal has reaffirmed the BB-@ issuer rating for Mahuli Laghubitta, keeping it under Watch with Negative Implications. This rating indicates a moderate risk of default on financial obligations. The + or - signs show the company's relative position within its rating category. The rating reflects the company’s general creditworthiness, not specific to any debt instrument.