Mahuli Laghubitta's FPO Oversubscribed by 41 Times

Mahuli Laghubitta Bittiya Sanstha's Follow-on Public Offering (FPO) has received an overwhelming response, with applications exceeding the available shares by 41.3 times. By Monday evening, 1,96,60,530 shares were requested, far surpassing the 4,75,449 shares offered. The FPO, priced at 100 rupees per share, closes today.

Despite a BB-minus rating from ICRA, the FPO aims to meet the Bank and Financial Institution Act's requirement to list 30% of shares, with only 19.68% currently available. The company’s net worth per share stood at 221 rupees, and its market-listed share price is around 1,466 rupees, reflecting strong investor confidence.