Citizen Bank (CZBIL) FPO Allotment Concludes, Check Your Result Here !

FPO RESULTS:

The allotment of the Further Public Offering (FPO) of Citizen Bank International Ltd. (CZBIL) was successfully concluded yesterday Friday morning 10th August 2018 (25 Shrawan 2075) by Global IME Capital Ltd., its issue manager. The allotment was held amidst a program organized at Global IME Capital Office in Jamal, Kathmandu at 9:00 AM.

Out of the total 62,709 valid applicants, exactly 46,382 (74%) were decided through lottery and each of 46,376 lucky ones got a mandatory 10 unit shares as per the SEBON directive and each of the rest 6 more super lucky ones received 11 unit shares, while the remaining 16,327 (26%) were unfortunately left empty-handed.

Check the RESULTS HERE:

Gateway to All Commercial Banks of Nepal !

COMMERCIAL BANKS

Check the LINK below to navigate to ALL 28 COMMERCIAL BANKS OF NEPAL for their direct web pages for details of information on financial analysis, statements, structure, notice, announcements, right shares, etc...

Check here for each BANKS »

Citizens Mutual Fund - 1 (CMF1) Allotment Concludes, Check Out !

MUTUAL FUND

Citizens Mutual Fund - 1 (CMF1) has concluded its public issue allotment yesterday Sunday 4th March 2018 (20th Falgun 2074). The mutual fund was issued to general public for about a month starting from Tuesday 16th January (2nd Magh 2074) to Wednesday 14th February 2018 (3rd Falgun 2074).

According to CBIL Capital Limited, the issue and fund manager of the Citizens Mutual Fund, out of the total 17,312 applicants, 17,277 applicants have been allotted with the units they have demanded and only 35 applicants have been found invalid due to reasons such as multiple applications and/or applications for less than 100 units.

Although Citizens Mutual Fund had floated its public issue of 10 crore unit shares worth Rs 1 arba at face value of Rs 10 per unit, the fund size was decreased to Rs 82 crore following undersubscription of the shares even though the deadline was extended twice.

Under the current regulation, 15% units i.e. 1.50 crore units were allotted to the sponsoring and promoting institutions, CZBIL and CBIL Capital and the remaining 85% units i.e. 6.7 crore units were allotted to the general public.

Citizen Mutual Fund is CBIL Capital’s first mutual fund scheme, and is a 7-years closed-end fund. The scheme will be managed by CBIL Capital Limited with Citizens Bank International Limited (CZBIL) as the fund sponsor.

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CBIL Closes Today Public Issue of Citizens Mutual Fund !

MUTUAL FUND

CBIL Capital closes today, Thursday Falgun 3, 2074 its public issue of Citizen Mutual Fund-1 of 10 crore unit shares worth Rs 1 arba; big opportunity for layman investors to enter in stock market. The offer was open from Magh 2, 2074. The mutual fund is issuing a total of 10 crore unit of ordinary shares worth Rs 1 arba at face value of Rs 10 per unit.

Securities Board of Nepal (SEBON) had provided final nod to the public issue of Citizens Mutual Fund on Poush 18, 2074. Interested people must apply for a minimum of 100 units of share and they can apply for up to 20,00,000 unit of shares. Interested applicants can apply through ASBA-approved banks from all 77 districts across the country.

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CBIL Extends Deadline of Citizens Mutual Fund

MUTUAL FUND

CBIL Capital (CBIL) a subsidiary company of Citizens Bank international (CZBIL) has extended application deadline of Citizens Mutual Fund.

According to the CBIL, the fund that has seven years of maturity time will yield 22.5 percent annual return. Citizens Mutual Fund is the first mutual fund of CBIL Capital. The accumulated fund will be invested in the stock market.

After the extension, the interested investors can apply for the fund till January 31.

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