SEBON approves to issue 9.75 lakh units FPO shares of Nepal Grameen Bikas Bank; issue at Rs 100 per share

Securities Board of Nepal (SEBON) has approved the Further Public Offering (FPO) of Nepal Grameen Bikas Bank Limited (NGBBL). NGBBL is coming out with 9,75,000 units FPO shares worth Rs 9.75 crore at par value of Rs 100 per unit to the general public . Prabhu Capital Limited has been assigned as the issue manager. Its current paid up capital stands at Rs 55.75 crore. After issuance of FPO, its paid up capital will reach Rs 65.50 crore. The microfinance company has earned net profit of Rs 19.58 crore in the third quarter of last fiscal year 2073/74, Its earning per share (EPS) stands at Rs 46.86, net worth per share at Rs 137.27.