Siddhartha Capital refunding money to Nepal Life Insurance FPO non-allottees from today; direct transfer to 14 BFIs

Siddhartha Capital Limited, the issue manager for the Further Public Offering (FPO) of Nepal Life Insurance Company Limited (NLIC), is refunding money to the FPO non-allottees from today (Falgun 26, 2073). Applicants who have mentioned the accounts of the following Banks and Financial Institutions (BFIs) are to get their excess money transferred directly to their respective accounts. Direct Transfer BFI List: Commercial Banks:

1. Kumari Bank Limited
2. Machhapuchchhre Bank Limited
3. NCC Bank Limited
4. Siddhartha Bank Limited
5. NIC Asia Bank Limited

Development Banks:

1. Ace Development Bank Limited
2. Purnima Bikas Bank Limited
3. Yeti Development Bank Limited
4. Araniko Development Bank Limited
5. Tinau Development Bank Limited
6. Jyoti Bikas Bank Limited
7. Siddhartha Bank Limited

Finance Companies:

1. Goodwill Finance Limited
2. Shree Investment and Finance Company Limited

Other applicants should visit their respective collection centers along with the application slip and copy of citizenship certificate to collect the refund warrants. Letter of authority with photocopy of citizenship certificate is compulsory if the applicants cannot be self-present to collect their refunds. NLIC had issued 30,96,429 units shares at a premium price of Rs 1,425 per share to the general public from Poush 27 to Magh 2, 2073 as part of its FPO.  The allotment was concluded last Friday (Falgun 20, 2073). 165,564 out of 255,053 applicants were allotted a minimum of 10 units and a maximum of 1,741 units of shares.