Nepal Bank to close FPO issue for Promoters, Directors and their family members from today

The Further Public Offering (FPO) of Nepal Bank Limited is closing for the Promoter, Directors and their family members.

The issue has started from Shrawan 15, 2075 and ends on Shrawan 17, 2075 i.e. today

The bank had issued 1, 76, 84,858 unit shares at a price of Rs 280 per share (premium included Rs 180) to the general public from Ashadh 15 till Shrawan 14, 2075. The issue was only able to collect 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 applications can be placed through any of the financial institutions providing C-ASBA facility. Siddhartha Capital has been appointed as the issue manager for the FPO issuance.

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.