FPO of NIBL collects Rs 7 arba till 2nd day; Maximum applicants applied 80 units,4 lakh forms disbursed

Nepal Investment Bank Limited (NIB) has started issuing 90,69, 388 units shares as a part of Further Public Offering (FPO) from Falgun 11, 2072. The FPO is being issued at Rs 601/unit. The issue is set to close on Friday, Falgun 14, 2072 at the earliest. Interested investors can apply minimum of 10 units while one can apply up to 2 lakhs units.Demat A/C is not compulsory to apply for FPO of NIB. An official from NIB told ShareSansar, ” Till second day FPO has collected approximately Rs 7 arba. The collection amount till now may vary as we are still collecting data from few collection centers. 4 lakh application forms has been disbursed to the general public. Maximum applicants have applied for 80 units/application form. " On the first day the FPO had collected Rs 3 arba. Please Click here for Offer Letter of the FPO Citizen Investment Trust (CIT) is appointed as the issue manager for the FPO of Nepal Investment Bank. The collection centers to submit applications forms for FPO are as follows:

The bank is issuing FPO as per directive issued by the central bank to maintain at least 30% stake of public shareholders. NIBL has already crossed its deadline set by NRB of Ashad end, 2072. At present Promoter and ordinary shareholders’ share structure of the commercial bank stands at 80:20.

At present the bank has a paid up capital of Rs 6.34 arba. After the issuance of the FPO its paid up Capital will reach to Rs 7.25 arba. The reserve will be increased by Rs 4.54 arba to Rs 9.11 arba. After the FPO, this paid up capital will be the highest among all the commercial banks other than state owned commercial banks.

NIBL has earned net profit  of Rs 1.09 arba in second quarter of the current  fiscal year 2072/73.

ICRA Nepal has assigned an “[ICRANP] IPO Grade 3+”, indicating average fundamentals of the proposed FPO amounting to NPR 5,341.42million of Nepal Investment Bank Limited .

Interview: Rajan Kumar Amatya, Dy. General Manager of NIBL,: Consistent return to the shareholder is our priority Nepal Investment Bank FPO Overview: A safe investment for a long term How much to invest in FPO of Nepal Investment Bank? NIBL to raise Rs 5.45 arba from FPO; Reserve & Net worth per share to increase by 116% & 34 % respectively Nepal Investment Bank reports modest profit growth of 13.04% in Q2 ICRA Nepal assigns 3+ to upcoming FPO issue of Nepal Investment Bank Limited