Nepal Bank’s 1.76 crore units FPO allotment to be made today; Applicants to be allotted applied units

Sun, Aug 5, 2018 4:37 AM on IPO/FPO News, Stock Market,
Nepal Bank...

The allotment of Further Public Offering (FPO) of Nepal Bank Limited is set to be done today. The allotment will be made in the premises of Siddhartha Capital. The time for the allotment is set at 1 PM.

Till its last day, the FPO issue collected 2.32 arba from 23,625 applicants, out of which application for Rs 1 arba has been placed by Employee Provident Fund.

Nepal Bank Limited (NBL) had issued 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).

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.

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.