Last day to apply 9.83 lakh units FPO shares of Pokhara Finance at Rs 220/unit; Advisable to apply 20 kitta

Pokhara Finance Limited (PFL) is closing 9,83,682 units shares worth Rs  21.64 crore as part of its Further Public Offering (FPO) today (Bhadra 1, 2074). The FPO is being issued at Rs 220 per unit (Rs 120 premium added to the par value of Rs 100). The FPO applications was open from Shrawan 29, 2074. Interested people must apply for a minimum of 10 units of shares and they can apply for up to 4,900 unit shares. NIBL Capital Markets Limited is the issue manager for the FPO. Interested applicants can collect ASBA forms from all ASBA-approved banks around Nepal as Securities Board of Nepal (SEBON) has made ASBA application mandatory from Shrawan 2074. ICRA Nepal has assigned IPO Grade 4 to this FPO indicating below-average fundamentals. After the FPO, its paid up capital will reach around Rs 65.57 crore and its promoter – public shareholding structure will be maintained at 51% and 49%. Its reserve will grow by Rs 11.80 crore. Finally, after proposed 15% right share issuance, its paid up capital will reach Rs 75.40 crore. As a national level finance company, it should hike its paid up capital to a minimum of Rs 80 crore by the end of FY 2073/74. The issue had already collected Rs 22.81 crore till second day from 14,820 applicants.