Shikhar Insurance FPO collection reached Rs 5 crore on the first day
Fri, Dec 4, 2015 12:45 PM on Latest, Exclusive, IPO/FPO News, Featured, Stock Market,
Shikhar Insurance Company Limited (SICL) has floated its Further Public Offering (FPO) of 5, 10,988 kittas shares at Rs 650 per unit from yesterday, Mangsir 17.
Badri Pyakhurel, Merchant Banking Head of NIBL Capital Market Limited said, “The total collection of the IPO was approximately Rs 5 crore till the first day.”
The offer will close on Mangsir 21 at the earliest. The maximum closing date for the offer is Poush 2, 2072.
NIBL Capital Markets Limited is the issue manager for the FPO.
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.
Interested investors can apply for FPO at the following locations| Sn. No. | Collection Center | Phone | Contact person |
| 1. | ShikharInsurance Limites, Thapathali, Kathmanduand branch offices Newroad, Gongabu, Chahabil, Biratnagar, Birgunj, Pokhara, Narayangarh, Butwal and Nepalgunj. | 4246101 | SurajRajbhahak |
| 2. | NIBL Capital Markets Limited, Lazimpat, Kathmandu | 4005080 | Anil Maharjan |
| 3. | All branches of NIBL | ||
| 4. | Kriti* Capital and Investment ltd., Soaltemode, Kathmandu | 4276786 | KarunaThapa |
