Want to invest in the FPO of Citizens Bank? Issue begins from Shrawan 15 for 4.63 lakh unit shares

Citizens Bank International Limited (CZBIL) has published a notice regarding the issue of its Further Public Offering. The bank is issuing 4,63,823 unit shares at Rs 200 each (Rs 100 premium included).

The issue will be open from Shrawan 15 till Shrawan 18, 2075. Incase the FPO issue goes undersubscribed, the issue date will be extended till Bhadra 14, 2075.

Interested applicants can apply for a minimum of 50 units and maximum of 2,300 unit of shares. Applications can be placed through any of the financial institutions providing C-ASBA facilities.

ICRA Nepal has assigned Grade 3 rating to the FPO issuance indicating Average Fundamentals.

Global IME Capital has been appointed as the issue manager for the FPO issuance, whereas, Civil Capital Market Limited is doing the underwriter part of the issue. 

After the issuance, the bank’s paid up capital will be increased by Rs. 4 crore 63 lakh and the bank’s shareholding ratio will be maintained at 51:49.

As per the quarterly report published by the commercial bank, the bank has earned net profit of Rs 1.40 arba in the last quarter of the fiscal year 2074/75. Its LTP stands at Rs 228 as on Shrawan 07, 2075.