Kathmandu. The FPO of Bijaya Laghubitta Bittiya Sanstha has been allotted on Tuesday, January 6. The FPO has been allotted at the office of NMB Capital, the issue manager of the company.

The microfinance company had issued 4,66,817 units of FPO at a face value of Rs 100 per share. A total of 21,99,0026 applicants had applied for 2,50,41,000 units of shares at the auction. Out of them, applications of 21,96,034 have been approved while the remaining applications have been rejected.

The FPO allocation of microfinance has been done through the lottery process due to more applications than the demand. Out of them, 46,681 people have been allotted 10 units of shares each. The remaining 7 units of shares have been allotted to the same investors. Accordingly, 7 applicants have been allotted 1 additional units i.e. 11 units of shares each.