NBL FPO’s final collection amounts Rs 2.61 arba from 23,681 applicants; Promoters, directors & their families might be able to apply from tomorrow
Mon, Jul 30, 2018 10:44 AM on IPO/FPO News, Stock Market, Latest,
The FPO issue of Nepal Bank Limited (NBL) has collected Rs 2,61,80,70,000 (Rs 2.61 arba) till the last day of its issue from 23,681 applicants. The total issue is worth Rs 4.95 arba.
The issue was said to have collected Rs 2.69 arba from 23,780 applicants till its last day. However, its final collection has been said to be Rs 2.61 arba from 23, 681 applicants as per an official of the issue manager. “The issue might be open for the promoters, directors and their family from tomorrow”, said an official of Siddhartha Capital Limited, the issue manager.
Nepal Bank Limited (NBL) had been 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 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 |
|
13-04-2075 |
27(final collection) |
9,350,250 |
2,618,070,000 |
23,681 |
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. 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 Limited 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.
