NLIC FPO issue well managed by Siddhartha Capital (with Photo Feature)
Fri, Jan 13, 2017 4:10 PM on Latest, Exclusive, IPO/FPO News, Featured, Stock Market,
Nepal Life Insurance Company Limited (NLIC) has been issuing 30,96,429 units shares worth Rs 4.41 arba as a part of Further Public Offering (FPO) from Poush 27, 2073. Unlike other public issues, collection centers seem less crowded and the overall issue seems properly managed.
Siddhartha Capital is the issue manager of Further Public Offering (FPO) of Nepal Life Insurance Company (NLIC). Altogether, 181 collection centers have been have been appointed for the issue. Interested investors can submit application forms in designated branches and extension counters of Siddhartha Bank Limited all over Nepal.
The capital has also appointed several other merchant banking offices (NIBL Capital, Laxmi Capital, Ace Capital, CBIL Capital among others) as collection centers.
ShareSansar took the tour of Siddhartha Capital Limited in Naxal on the second day of the issue. The capital was previously located at Hanumansthan, Anamnagar has now shifted to Narayanchaur, Naxal.
For the 4-day issue, the capital has kept enough collection counters to ease the applicants. The capital has also appointed good number of staffs to facilitate the collection. Unlike for other issues, application forms can be verified and submitted in the same collection counter. “We are verifying the forms at the same time of its collection, so as to make sure the applicants don’t make mistakes”, said Mr. Pragya Shakya, Head of Business Operations at Siddhartha Capital. “We are also facilitating senior citizens and differently-abled people in forms submission through a special counter”, he further added.
The FPO has collected Rs 7.81 arba from around 56,000 applications so far. The offer will close on Magh 2, 2073. Interested people must apply for a minimum of 10 units of share and they can apply for up to 30,960 units of share.
The capital has also appointed several other merchant banking offices (NIBL Capital, Laxmi Capital, Ace Capital, CBIL Capital among others) as collection centers.
ShareSansar took the tour of Siddhartha Capital Limited in Naxal on the second day of the issue. The capital was previously located at Hanumansthan, Anamnagar has now shifted to Narayanchaur, Naxal.
For the 4-day issue, the capital has kept enough collection counters to ease the applicants. The capital has also appointed good number of staffs to facilitate the collection. Unlike for other issues, application forms can be verified and submitted in the same collection counter. “We are verifying the forms at the same time of its collection, so as to make sure the applicants don’t make mistakes”, said Mr. Pragya Shakya, Head of Business Operations at Siddhartha Capital. “We are also facilitating senior citizens and differently-abled people in forms submission through a special counter”, he further added.
The FPO has collected Rs 7.81 arba from around 56,000 applications so far. The offer will close on Magh 2, 2073. Interested people must apply for a minimum of 10 units of share and they can apply for up to 30,960 units of share.
