NMB Capital refunding Nepal SBI FPO non-allottees directly to bank accounts in 21 BFIs; full list coming tomorrow

Nepal SBI Bank Limited (SBI) will be refunding its money to the non-allottee FPO applicants from tomorrow (Magh 28, 2073). NMB Capital Limited, the issue manager for the FPO, will auto credit the refund amount of Nepal SBI FPO in the accounts of 21 Bank and Financial Institutions (BFIs). Only those accounts which have been verified by 21 BFIs will be credited directly. Full list of the 21 BFIs will be published tomorrow. After the allotment, NMB Capital was working closely with BFIs to make direct refund possible for all non-allottees. Of the total 57,953 non allottees, 19,020 applicants will be auto credited whereas the remaining 38,933 non-allottees will be refunded through cheques. Also Read: Nepal SBI Bank FPO concludes; all allottees allotted 10 kitta through lottery Nepal SBI Bank FPO Allotment Module