Shikhar Insurance is floating its FPO (Further Public Offering) from Mangsir 17. The insurance company will be floating 5,10,988 Kittas Shares to the general public at the rate of Rs 650 per unit.
The earliest closing date is set for Mangsir 21 while the issue is set to close on Posh 02 at the latest. An investor must apply minimum of 10 units while s/he can apply maximum of 1 lakh unit.
NIBL Capital Markets Limited is the issue manager.
Interested investors can apply for FPO at the following locations
| S.No. |
Collection Center |
Phone |
Contact person |
| 1. |
Shikhar Insurance Ltd.Thapathali, Kathmanduand branch offices Newroad, Gongabu, Chahabil, Biratnagar, Birgunj, Pokhara, Narayangarh, Butwal and Nepalgunj. |
4246101 |
Suraj Rajbhahak |
| 2. |
NIBL Capital Markets Ltd, Lazimpat, Kathmandu |
4005080 |
Anil Maharjan |
| 3. |
All branches of NIBL |
| 4. |
Kriti* Capital and Investment ltd., Soaltemode, Kathmandu |
4276786 |
Karuna Thapa |
*= only cheque are accepted at this location
At present Promoter and ordinary shareholders share structure in the insurance company stands at 80:20 ratios. After the FPO promoter and ordinary shareholders share structure will be at 70:30 ratio.
After issuing 20% bonus share from the net profit earned in the fiscal year 2069/70, the company’s paid up capital has reached to Rs 35.76 crore. The company is yet to announce its dividend from the net profit of fiscal year 2071/72.
SEBON approves Sikhar Insurance FPO; FPO by third week of Mangsir at Rs 650 per unit
