FPO:
The interested applicants can make their applications through any of the financial institutions providing C-ASBA facility. The application can made for minimum of 50 unit shares and a maximum of all up to 1,76,84,858 unit shares.
After the new decision being made by the Securities Board of Nepal (SEBON), the institutional applicants can thus apply for the FPO share from the first day as well. The issue is now open, starting from Friday yesterday June 29th 2018 (Ashadh 15, 2075) initially for about a week lasting till this Thursday July 5th 2018 (Ashadh 19, 2075).
After much wait, Nepal Bank Limited (NBL) is issuing its Further Public Offering (FPO) to the general public. The bank is issuing a total of 1,76,84,858 unit shares as FPO at a face price of Rs 280 per unit share. The bank created many controversies when it had announced to issue FPO as the bank was unable to comply with the guidelines of Securities Registration and Issue Regulation, 2073. People were unsure whether the bank would be able to issue FPO or not. However, the commercial bank is now issuing FPO after gaining approval from all the regulatory bodies.
No of Shares Issued : 1,76,84,858 units
Amount to be Collected : Rs 4,95,17,60,240
After the new decision being made by the Securities Board of Nepal (SEBON), the institutional applicants can thus apply for the FPO share from the first day as well. The issue is now open, starting from Friday yesterday June 29th 2018 (Ashadh 15, 2075) initially for about a week lasting till this Thursday July 5th 2018 (Ashadh 19, 2075).
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