NMB Capital refunding money to non-allottees of Standard Chartered FPO from today; direct transfer to 22 BFIs

NMB Capital Limited, the issue manager of FPO for Standard Chartered Bank Nepal Limited is refunding excess money to the non-allottees from today. Applicants who have mentioned the accounts of the following Banks and Financial Institutions (BFIs) are to get their excess money transferred directly to their respective accounts. Direct Transfer BFI List: Commercial Banks:

1. NMB Bank Limited
2. Standard Chartered Bank Nepal Limited
3. NIC Asia Bank Limited
4. Global IME Bank Limited
5. Prabhu Bank Limited
6. Nepal Bangladesh Bank Limited
7. Laxmi Bank Limited
8. Citizens Bank International Limited
9. Kumari Bank Limited
10. Nepal Investment Bank Limited
11. Siddhartha Bank Limited

Development Banks:

1. Siddhartha Development Bank Limited
2. Muktinatha Bikas Bank Limited
3. Ace Development Bank Limited
4. Reliable Development Bank Limited
5. Yeti Development Bank Limited
6. Bhargav Bikas Bank Limited

Finance Companies:

1. Gurkhas Finance Limited
2. Goodwill Finance Limited
3. ICFC Finance Limited
4. Unique Finance Limited
5. Lumbini Finance and Leasing Company Limited

Other applicants should visit their respective collection centers along with the application slip and copy of citizenship certificate to collect the refund warrants. Letter of authority with photocopy of citizenship certificate is compulsory if the applicants cannot be self-present to collect their refunds. The refund warrants will be issued from coming Monday (Jestha 1, 2074) while bank transfers will be forwarded from today (Baisakh 29, 2074). Standard Chartered Bank Nepal Limited had floated 25,58,140 lakh units FPO shares worth Rs 3.30 arba at Rs 1,290 per share from Chaitra 1 to Chaitra 4, 2073. It has earned Rs 74 crore in the second quarter of the FY 2073/74. Allotment for small investors who had applied Rs 12,900 (or 10 shares) to Rs 180,600 (or 140 shares) were decided through lottery. Other investors who had applied from 150 shares were allotted 6.38% on pro-rata basis. Investors who had applied for 30 units got 10 shares through lottery, whereas those who applied for 25,580 units got 1630 shares. Out of the total 2,17,322 valid applicants, 1,40,132 investors got the shares. Individual results can be checked at ShareSansar’s IPO Result section and the allotment module can be viewed here. Also See: 3,741 applicants disqualified from StanChart FPO for providing incorrect demat number; Rs 51.81 crore investment rejected