The wait will be over for Nepal Bank’s investors today! Nepal Bank’s FPO shares listing to be done today!

Nepal Bank’s FPO had created a lot of chaos among individual investors as well as institutional investors. SEBON even slammed underwriters for selling the FPO shares beforehand. SEBON said that the underwriters are supposed to sell their stake after the stock get into the DEMAT account. However, the underwriters had sold their stake beforehand. SEBON warned all the underwriters to not to repeat the mistake in the future. 

As per one of the sources in Nepal Bank; “All the documents and works related to FPO listing was presented by Nepal bank to concerned authority last Friday itself. The delay might be because of Tihar festival. However, NEPSE had assured us the listing will be done by Sunday.”

Similarly, as per NEPSE’s CEO Mr. Chandra Singh Saud “The listing will be done within today.”