Standard Chartered FPO allotment concludes; up to 140 units decided through lottery, others allotted 6.38% on pro rata basis

NMB Capital Limited, the issue manager for 25.58 lakh units FPO shares of Standard Chartered Bank Nepal Limited (SCB) has concluded its FPO allotment of 25,58,140 units shares today at Hotel Yellow Pagoda, Jamal at 4:00 PM. Allotment for small investors who had applied Rs 12,900 (or 10 shares) to Rs 180,600 (or 140 shares) were decided through lottery. Other investors who had applied from 150 shares were allotted 6.38% on pro-rata basis. Investors who had applied for 30 units got 10 shares through lottery, whereas those who applied for 25,580 units got 1630 shares. Out of the total 2,17,322 valid applicants, 1,40,132 investors got the shares. There were 4,291 invalid applicants. Overall, the FPO had collected Rs 36.41 arba from 2,21,613 applications. The shares set aside for retail investors (10, 20 and 30 units) was oversubscribed by 4.06 times and those set aside for other category (more than 30 units) was oversubscribed by 15.68 times. Individual lottery results can be checked at ShareSansar’s IPO Result section later today. Standard Chartered Bank Nepal Limited had floated 25,58,140 lakh units FPO shares worth Rs 3.30 arba at Rs 1,290 per share from Chaitra 1 to Chaitra 4, 2073. It has earned Rs 74 crore in the second quarter of the FY 2073/74. After the FPO allotment, its paid up capital has grown by Rs 25.58 crore and has reached Rs 4 arba and 57 lakhs. Its promoter – public shareholding structure now stands at 70.21% and 29.79%. Likewise, its reserve has grown by Rs 3.04 arba. As per the bank, it will issue 100% bonus shares to its shareholders from the premium earned from the FPO and profit in the FY 2073/74, thereby meeting NRB’s requirement of increasing its paid up capital to a minimum of Rs 8 arba.