Nepal SBI Bank Limited (SBI) has extended the opening date of issuing 67,767.87 units shares worth Rs 6.58 crore as a part of Further Public Offering (FPO) from tomorrow (Poush 11, 2073). Earlier the opening date was set for today .The FPO to be issued at Rs 971/unit.
As per an official of NMB Capital, ‘the time has been extended due to the public holiday of Christmas. Also the earliest closing and maximum closing time of FPO has been extended till Poush 14 and Poush 25 respectively.’
The FPO applications will close on Poush 14, 2073. The maximum closing date for the offer is Poush 25, 2073.
Interested people must apply for a minimum of 10 units of share and they can apply for up to 670 units of share.
NMB Capital Limited is the issue manager for the FPO of Nepal SBI Bank.
As per the official of SBI Bank, “Those shareholders allotted with FPO shares will also be eligible for 28 percent bonus share proposed by the company.”
Nepal SBI Bank is issuing the FPO as per a directive issued by the central bank to maintain at least 30% stake of public shareholders in its share structure. At present its promoter shareholder: public shareholder ratio stands at 70.12:29.88. Two institutional promoters hold 70.12% of total shares in the Bank. State Bank of India holds 55.09% of the total ownership whereas Employee Provident Fund holds 15.03% shares. After the FPO, the promoter and public shareholder ratio will be maintained at 70:30.
At present the bank has a paid up capital of Rs 3.88 arba. After the issuance of the FPO its paid up Capital will reach to Rs 3.89 arba.
The bank has already proposed 28% bonus shares and 1.53% cash dividend (for tax purpose) to its shareholders from the net profit it earned in the FY 2072/73.
The bank has also decided to issue 10:4 (40%) right share to its shareholders. The bank has decided to issue 40% right share after bonus share distribution and floating FPO. Nepal SBI Bank has earned net profit of Rs 35.44 crore in the first quarter of the current fiscal year 2073/74.
Collection centers details:
Similarly,
Nepal Hydro Developer Limited has extended its closing deadline till tomorrow (Poush 11, 2073). Earlier the opening date was set for today (Poush 10, 2073).
The hydropower company has been issuing 2, 60,000 unit shares worth Rs 2.60 crore as part of its Initial Public Offering (IPO) for the locals of project affected people of Dolakha district (Bhimeswor Municipality ward no-8, 9 and 11, Magpauwa VDC ward no-5 and Katakuti VDC ward no-6) from Mangsir 26, 2073.
The maximum closing date for the offer is Magh 3, 2073.
Interested people must apply for a minimum of 50 units of share and they can apply for up to 1,000 units of share.
NMB Capital Limited has been assigned as the issue manager for the IPO issue.
The authorized capital of company is Rs 60 crore. The paid up capital of the company remains at Rs 19.50 crore. After the IPO for the locals of project affected area, the paid up will reach Rs 22.10 crore. After the IPO for the locals of project affected area, the company will be floating 390,000 units shares worth Rs 3.90 crore as a part of IPO for the general public. Its paid up capital will reach Rs 26 crore
ICRA Nepal has assigned an “[ICRANP] IPO Grade 4”, indicating below average fundamentals to the proposed IPO of Nepal Hydro Developer Limited (NHDL).
After the IPO, the promoter-people of affected area (Dolakha district) - public ratio of the company will be 75% to 25%.
Nepal Hydro Developer has developed 3.52 MW Charanawati Hydroelectrical projects which is located in Dolakha district. The main objective of the company is to promote hydropower sector through private investment for the overall development of the country.
The project is a cascaded, run-of-river type with net head of 186 m. The annual generation of energy is 37.29 GWh.
Collection centers details:
| S.No |
Collection Center Name |
Contact Person |
Contact Number |
| 1. |
Araniko Development Bank Limited, Dolakha Branch, Charikot |
Bhawana Shrestha |
049-421889 |
| 2. |
Kalinchowk Development Bank Limited, Charikot branch, Dolakha |
Manisha Shrestha |
049-421937 |
| 3. |
Kalinchowk Development Bank Limited, Bagkhor branch, Dolakha |
Sashikiran Chaulagain |
049-691324 |
