Citizens Bank revised ASBA application fee for IPO/FPO to Rs 25

Citizens Bank Limited had got approval from Securities Board of Nepal (SEBON) for Application Supported by Blocked Amount (ASBA) system on Magh 9, 2073 and has been providing ASBA service for all public issues since. The bank has been charging Rs 100 per application for Initial Public Issue (IPO) and Further Public Issue (FPO) shares, and now, the company has reduced its application amount to Rs 25. Issuing the press  statement published today, it stated that account holders of the bank can avail the ASBA services from its 58 branch office. The bank will hold the amount of applicants in their respective account while applying for public issues and the allotted amount will be debited once the final allotment of public issue is over.