NBL FPO closes collecting around Rs 2.69 arba from 23,780 applications subscribing 54% of the issue; Final data yet to be obtained
Sun, Jul 29, 2018 11:55 AM on IPO/FPO News, Stock Market, Latest,
The FPO issue of Nepal Bank Limited (NBL) has collected Rs 2.69 arba till the last day of its issue from 23,780 applicants. The total issue is worth Rs 4.95 arba.
Nepal Bank Limited (NBL) is issuing Further Public Offering (FPO) to the general public from Ashadh 15. The bank had been issuing 1, 76, 84,858 unit shares at a price of Rs 280 per share (premium included Rs 180). The bank will be gathering Rs 4.95 arba from the FPO issuance.
Applications have been received for 96.07 units till the last day of issue. The date-wise collection of the ongoing FPO is as follows:
|
Date |
Day |
Total Collection (cumulative) |
No.of applicants (cumulative) |
|
|---|---|---|---|---|
|
Units |
Amount(Rs) |
|||
|
15-03-2075 |
1 |
125,650 |
35,182,000 |
1,298 |
|
17-03-2075 |
2 |
501,300 |
140,364,000 |
4,636 |
|
18-03-2075 |
3 |
783,022 |
219,246,160 |
7,238 |
|
20-03-2075 |
5 |
1,100,400 |
308,112,000 |
10,387 |
|
21-03-2075 |
6 |
1,136,770 |
318,295,600 |
10,769 |
|
22-03-2075 |
7 |
1,173,440 |
328,563,200 |
11,601 |
|
24-03-2075 |
8 |
1,206,230 |
337,744,400 |
11,384 |
|
25-03-2075 |
9 |
1,229,620 |
344,293,600 |
11,609 |
|
26-03-2075 |
10 |
1,254,050 |
351,134,000 |
11,825 |
|
27-03-2075 |
11 |
1,279,300 |
358,204,000 |
12,022 |
|
28-03-2075 |
12 |
1,301,990 |
364,557,200 |
12,022 |
|
32-03-2075 |
15 |
1,346,880 |
377,126,400 |
12,695 |
|
01-04-2075 |
16 |
1,377,570 |
385,719,600 |
12,997 |
|
02-04-2075 |
17 |
1,403,710 |
393,038,800 |
13,350 |
|
03-04-2075 |
18 |
1,447,190 |
405,213,200 |
13,783 |
|
04-04-2075 |
19 |
1,476,500 |
413,420,000 |
14,118 |
|
05-04-2075 |
20 |
1,501,810 |
420,506,800 |
14,437 |
|
07-04-2075 |
21 |
1,548,970 |
433,711,600 |
14,751 |
|
08-04-2075 |
22 |
1,761,980 |
493,354,400 |
15,243 |
|
09-04-2075 |
23 |
1,887,430 |
528,480,400 |
15,807 |
|
10-04-2075 |
24 |
2,057,730 |
576,164,400 |
16,532 |
|
11-04-2075 |
25 |
2,451,090 |
686,305,200 |
17,539 |
|
12-04-2075 |
26 |
2,669,646 |
747,500,880 |
18,711 |
|
13-04-2075 |
27(mid-day) |
3,825,060 |
1,071,016,800 |
20,323 |
|
13-04-2075 |
27(till 4PM) |
5,673,680 |
1,588,630,400 |
23,355 |
|
13-04-2075 |
27(last not final) |
around 96,07,142 |
around 2,69,00,00,000 |
23,780 |
The issue was said to be closed on Ashadh 19, 2075. However, since the issue has been undersubscribed, it had been extended for one month i.e. till 13 Shrawan, 2075 i.e. today. Since the issue will not close within the ongoing fiscal year, the premium received from the FPO issue cannot be shown in the Balance Sheet of the company for the year 2074/75.
Care Rating Nepal Limited had assigned grading of CARE-NP IPO Grade 3 + indicating average fundamentals to the issue.
Siddhartha Capital had been appointed as the issue manager for the FPO issuance.
After the issuance of FPO, the stake of Nepal Government will be 51%. Currently it holds 62% of the total share of the bank. Similarly, after the issuance of FPO the paid-up capital of Nepal Bank Limited will go up by Rs. 1.76 arba and Rs. 3.18 arba in reserve with the premium amount of Rs 180 per share.
CBIL Capital, NIBL Ace Capital, Nepal SBI Merchant Banking, Civil Capital Market, Laxmi Capital Market, Sanima Capital, Sunrise Capital and Global IME Capital have been appointed as the underwriters of the FPO issue. They will underwrite 100% of the issuance among themselves.
It had reported net profit of Rs 2.56 arba in the third quarter of the current fiscal year.
