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FPO News

Nepal Grameen Bikas Bank to issue 975,000 units FPO shares at a premium price; Paid up capital to reach Rs 65.50 crore

2017-02-26 Nepal Grameen Bikas Bank Limited (NGBBL) will be issuing 9,75,000 units shares as part of its Further Public Offering (FPO) at a premium price. The per unit premium price of the share and issue manager for the FPO has not…

Nepal Life Insurance FPO and Forward Community IPO given one more week for allotment

2017-02-22 Securities Board of Nepal (SEBON) has extended the time for allotment of Nepal Life Insurance Company’s FPO and Forward Community Microfinance’s IPO by one week. As per the officials of both the issue managers, they had already made their respective workplans…

Will Nepal Life Insurance FPO and Forward Community IPO be allotted within Falgun 13? (What do the issue managers say?)

2017-02-21 Citing the acute credit crunch in banks and its effect on the secondary market, Securities Board of Nepal (SEBON) had earlier instructed Siddhartha Capital Limited (issue manager for FPO of Nepal Life Insurance Co. Ltd.) and Nabil Investment Banking Limited…

ICRA Nepal assigns IPO Grade 2+ to Standard Chartered’s FPO; highest public issue grading so far

2017-02-15 ICRA Nepal has assigned “[ICRANP] IPO Grade 2+” rating to the upcoming FPO of Standard Chartered Bank Nepal Limited (SCB), indicating above-average fundamentals. This is the highest rating received by any public issue of Nepali companies so far. According to…

Shikhar Insurance 13.62 lakh units FPO shares in SEBON pipeline

2017-02-14 Shikhar Insurance Co. Ltd. (SICL) has been added in SEBON pipeline to seek approval for the issuance of 13,62,781 units FPO shares. It had proposed a per share price of Rs 1,620 (Rs 1,520 premium added to the par value…

Standard Chartered Bank’s 25.58 lakh units FPO approved by SEBON at Rs 1,290 per share; likely to float after NLIC FPO refund

2017-02-13 Securities Board of Nepal (SEBON) has approved the further public offering (FPO) of Standard Chartered Bank Nepal Limited at Rs 1,290 per unit. SCB is coming out with 2,558,140 units FPO shares worth Rs 3.30 arba with Rs 1,190 premium…

Over Rs 67 arba liquidity from IPO refunds coming back to primary market investors in the next 20 days

2017-02-12 Around Rs 67.54 arba is being refunded back to the applicants of 5 public offerings held in the last two months. Among the five, NMB Capital has been refunding over Rs 4.75 arba of excess money to its non-allottees from…

Nepal SBI Bank refunding FPO non-allottees thru 20 BFIs from today

2017-02-10 Nepal SBI Bank Limited (SBI) is refunding its money to the non-allottee FPO applicants from today (Magh 28, 2073). NMB Capital Limited, the issue manager for the FPO, will auto credit the refund amount of Nepal SBI FPO in the accounts…

Nepal Life Insurance announces 26.31% bonus share; FPO allottees also eligible for bonus

2017-02-09 Nepal Life Insurance Company Limited (NLIC) has proposed 26.31% bonus shares to its shareholders for the FY 2072/73. As per the notice published in NEPSE today, the life insurance company has set aside Rs 61.92 crore stock dividend and Rs…

NMB Capital refunding Nepal SBI FPO non-allottees directly to bank accounts in 21 BFIs; full list coming tomorrow

2017-02-09 Nepal SBI Bank Limited (SBI) will be refunding its money to the non-allottee FPO applicants from tomorrow (Magh 28, 2073). NMB Capital Limited, the issue manager for the FPO, will auto credit the refund amount of Nepal SBI FPO in the…

 

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