NIBL FPO worth Rs 5.45 arba, 90.69 lakh units,from Falgun 11 at Rs 601/unit; Reserve to double after FPO
Sat, Feb 13, 2016 6:59 AM on Latest, Exclusive, IPO/FPO News, Featured,
Nepal Investment Bank Limited (NIB) will be issuing 90 lakhs, 69 thousand, 3 hundred and 88 units shares as a part of Further Public Offering (FPO) from Falgun 11, 2072. The FPO will be issued at Rs 601/unit.
Interested investors must apply a minimum of 10 units while one can apply up to 2 lakhs units. The issue is set to close on Falgun 14 at the earliest. Demat A/C is not compulsory to apply for FPO of NIB.
Please Click here for Offer Letter of the FPO
Citizen Investment Trust (CIT) is the issue manager of FPO of NIB.
The collection centers to submit applications of FPO are as follows:
It is issuing the FPO as per a directive issued by the central bank to maintain at least 30% stake of public shareholders. NIBL has already crossed its deadline set by NRB of Asad end, 2072 to increase the stake of public shareholders to 30 percentages. At present Promoter and ordinary shareholders’ share structure in the commercial bank stands at 80:20.
At present the bank has a paid up capital of Rs 6.34 arba. After the issuance of the FPO its Paid up Capital will reach to Rs 7.25 arba. The reserve will be increased by Rs 4.54 arba to Rs 9.11 arba. After the FPO, this paid up capital will be the highest among all the commercial banks other than state owned commercial banks.
NIB’s net profit rose to Rs 1.09 arba in Q2, up from Rs 96.54 crore in the corresponding quarter of the previous fiscal year 2071/72.
ICRA Nepal has assigned an “[ICRANP] IPO Grade 3+”, indicating average fundamentals of the proposed FPO amounting to NPR 5,341.42million of Nepal Investment Bank Limited .
NIBL to raise Rs 5.45 arba from FPO; Reserve & Net worth per share to increase by 116% & 34 % respectively
Nepal Investment Bank reports modest profit growth of 13.04% in Q2
ICRA Nepal assigns 3+ to upcoming FPO issue of Nepal Investment Bank Limited
The collection centers to submit applications of FPO are as follows:
It is issuing the FPO as per a directive issued by the central bank to maintain at least 30% stake of public shareholders. NIBL has already crossed its deadline set by NRB of Asad end, 2072 to increase the stake of public shareholders to 30 percentages. At present Promoter and ordinary shareholders’ share structure in the commercial bank stands at 80:20.
At present the bank has a paid up capital of Rs 6.34 arba. After the issuance of the FPO its Paid up Capital will reach to Rs 7.25 arba. The reserve will be increased by Rs 4.54 arba to Rs 9.11 arba. After the FPO, this paid up capital will be the highest among all the commercial banks other than state owned commercial banks.
NIB’s net profit rose to Rs 1.09 arba in Q2, up from Rs 96.54 crore in the corresponding quarter of the previous fiscal year 2071/72.
ICRA Nepal has assigned an “[ICRANP] IPO Grade 3+”, indicating average fundamentals of the proposed FPO amounting to NPR 5,341.42million of Nepal Investment Bank Limited .
NIBL to raise Rs 5.45 arba from FPO; Reserve & Net worth per share to increase by 116% & 34 % respectively
Nepal Investment Bank reports modest profit growth of 13.04% in Q2
ICRA Nepal assigns 3+ to upcoming FPO issue of Nepal Investment Bank Limited
