Shikhar Insurance Company Limited (SICL) is floating its Further Public Offering (FPO) from today (Mangsir 17,2072). The insurance company is issuing 5, 10,988 kittas shares to the general public at the rate of Rs 650 per unit.
The offer will close on Mangsir 21 at the earliest. The maximum closing date for the offer is Poush 2, 2072.
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
| .No. |
Collection Center |
Phone |
Contact person |
| 1. |
Shikhar Insurance Limites, Thapathali, Kathmandu and branch offices Newroad, Gongabu, Chahabil, Biratnagar, Birgunj, Pokhara, Narayangarh, Butwal and Nepalgunj. |
4246101 |
Suraj Rajbhahak |
| 2. |
NIBL Capital Markets Limited, 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.
Experts’ opinion on Shikhar Insurance FPO at a premium of Rs 605 per unit; Verdict: Good if FPO investors get dividend from last fiscal year
SEBON approves Sikhar Insurance FPO; FPO by third week of Mangsir at Rs 650 per unit
