Nepal Investment Bank to distribute FPO share certificates from today;investors providing Demat a/c will directly get their shares in Demat a/c

Nepal Investment Bank Limited (NIB) is distributing FPO share certificate to its shareholders from today (Ashad 30, 2073). It had floated 90, 69,388 unit shares at Rs 601 as a part of its FPO shares. As per the notice published by the bank today, the investors to whom the shares have been allotted can collect their share certificate from the collection center where they had submitted their FPO forms. Furthermore, the allotment advice slip along with identity card of the investor is mandatory to collect the share certificate. Letter of authorization along with photocopy of identity card of authorized person must be presented if the shareholders cannot pick up their share certificate themselves. The share certificate would be distributed from 10:00 AM to 3:00 PM Sunday through Thursday and from 10:00 AM to 12:30 PM on Friday at, Citizen Investment Trust located at New- Baneswor, Kathmandu. The issue manager for the FPO was Citizen Investment Trust. The FPO share will be directly transferred to the respective Demat A/C of the shareholders who had provided Demat account while applying for the shares. Nepal Investment Bank had listed 90, 69,388 units FPO shares in Nepal Stock Exchange Limited (NEPSE) on Ashad 13, 2073. The shares is in the process of being listed in CDS and Clearing limited (CDSC).Only after listing on CDSC, the shares will be tradable.