Nepal Bank’s unsubscribed shares distributed among the underwriters; government stake now stands at 51%

Nepal Bank Limited (NBL) had issued 1.76 crore shares at Rs 280 as Further Public Offering (FPO) a while ago, the allotment of the same has been concluded today. All the applicants who had submitted the valid applications have been fully allotted.

23,624 valid applicants had applied for 93,75,750 unit shares out of the total 1,76,84,858 units issued. 53% shares were subscribed and allotted out of the total issue. The applicants were allotted shares worth Rs 2 arba 62 crore 52 lakh 10 thousand and the underwriters have been allotted shares worth Rs 2 arba 32 crore 65 lakh 50 thousand 2 hundred and 40. The underwriters are:

CBIL Capital

Global IME Capital

NIBL Ace Capital

Civil Capital

Laxmi Capital

Sunrise Capital

Sanima Capital

Nepal SBI Merchant Banking

Subscription percentage of each underwriter.

Siddhartha Capital was the issue manager of the FPO.

Now the stake of Nepal Government in NBL will be 51% which was 62% previously. Similarly, 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.