Hamro Bikas Bank IPO from Shrawan 7

Sun, Jul 7, 2013 12:00 AM on IPO/FPO News,

ShareSansar, July 7

Hamro Bikas Bank has announced to go public with 1,80,300 units shares. The bank is launching its initial public offering (IPO) from Shrawan 7.

The early closing date for filing application for the IPO has been set for Shrawan 10, though applicants will have 11 more days to apply as the last date has been fixed for Shrawan 21st if IPO not fully subscribed.

Interested investors will have to apply for a minimum of 50 shares and the bank has put a cap of 18,000 shares per applicant. Growmore Merchant Banker Limited has been appointed issue manager for the IPO.

The company has reserved 3606 shares for its employees.

The company has a paid up capital of Rs 4,20,70000 which will increase to Rs 6,01,00000 after the IPO sales. The bank’s net worth has been valued at Rs 123.05 and its EPS at Rs 12.04 as per the recent unaudited financial statement.

Hamro Bikas Bank is led by CEO Kapil Dhakal. The bank’s Board of Directors is headed by Chairman Hari Prasad and the BoD members are Dinesh Acharya, Dipendra Shrestha, Ganga Lal Shrestha, Ramhari Sharma Rijal.

Brief Financial Statement upto 3rd quarter of fiscal year 2069/70.

                                                               Rs Figures in ‘000’

Particulars

Amount

Share Capital (Rs.)

42,070

Reserve (Rs.)

9,736

Investment (Rs.)

5,694

Loan  (Rs.)

300,677

Net Interest Income (Rs.)

13,329

Operating Profit (Rs.)

7,605

Net Profit (Rs.)

5,065

No. of. Share

421

EPS (Rs.)

12.04

Networth Per share

123.05

NPA (%)

0

Cost of Fund (%)

7.91

CD Ratio (%)

75.01


Offer Letter Announcement : CLICK HERE