Kathmandu. Himalayan Bank is going to issue FPO from July 15.
The Securities Board of Nepal (SEBI) has approved the issuance of FPO worth Rs 1.45 billion to Himalayan Bank. Accordingly, the company is issuing 9,250,469 units of FPO at Rs 157 per share by adding a premium of Rs 57 at a face value of Rs 100.
At present, the founder group has 15.80 billion 71 lakh 63 thousand 749 shares of the total paid-up capital of the bank and 27.01 percent of the total paid-up capital of the bank. According to the Bank and Financial Institutions Act, 2073 BS, at least 30 percent of the total issued capital has to be allotted to the general public.
In this FPO, investors can apply for a minimum of 10 units and maximum of all units. Investors can apply through c-ASBA member banks and financial institutions approved by the Securities Board and my shares of CDSC.
Himalayan Bank’s FPO issue will be closed at the earliest on July 14. If there are not enough applications during this period, the issue period can be extended till July 30.
Citizens Capital is the sales manager of this FPO.
