Underwriters to acquire the unsold shares of Nepal Bank; What is each underwriter’s liability?
Fri, Aug 3, 2018 9:58 AM on IPO/FPO News, Latest, Stock Market,
The FPO issued by Nepal Bank Limited went undersubscribed even after opening issue for promoters, directors and their family members. Remaining 83,09,108 unit shares out of 1, 76, 84,858 unit shares at a price of Rs 280 per share shall be acquired by the 8 underwriters.
Till its last day, the FPO issue collected 2.32 arba from 23,625 applicants, out of which application for Rs 1 arba has been placed by Employee Provident Fund.
The 8 underwriters will acquire the unsold shares in the agreed percentage. The underwriters will acquire unsold share in the following order
|
Name of Underwriter |
Liability Percentage |
Price |
Amount |
|---|---|---|---|
|
CBIL Capital |
23.3 |
280 |
542,133,577.40 |
|
Global IME Capital |
22.9 |
280 |
532,838,484.00 |
|
NIBL Ace Capital |
18.17 |
280 |
422,718,563.10 |
|
Civil Capital |
9.09 |
280 |
211,443,740.50 |
|
Laxmi Capital |
9.09 |
280 |
211,443,740.50 |
|
Sunrise Capital |
7.27 |
280 |
169,155,045.00 |
|
Sanima Capital |
5.45 |
280 |
126,866,218.00 |
|
Nepal SBI Merchant Banking |
4.73 |
280 |
109,950,871.40 |
|
Total |
100 |
2,326,550,239.90 |
As per the information received, the allotment of the FPO is likely to be made on Sunday or Monday.
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