Himalayan Bank to Launch FPO Tomorrow! Your Guide to Investing
Are you looking for investment opportunities in the Nepali stock market? Get ready, because Himalayan Bank Limited is about to launch its Follow-on Public Offering (FPO)! Starting tomorrow, July 16th, Himalayan Bank will be offering 9,250,469 units of FPO shares. This presents a great chance for investors like you to get involved in a leading banking institution in Nepal.
Why is Himalayan Bank issuing this FPO? It’s all about compliance with the Bank and Financial Institution Act, 2073, which mandates that at least 30% of a bank’s total issued capital be allocated to the public. This FPO is designed to boost the public ownership percentage of Himalayan Bank.
Currently, the bank’s paid-up capital stands at over Rs. 21.65 billion. The shareholding structure is 72.99% held by the promoters and 27.01% by the general public. With this FPO, Himalayan Bank aims to increase the public’s stake to the required 30%.
The FPO price is set at Rs. 157 per share, which includes a face value of Rs. 100 and a premium of Rs. 57. The total value of this FPO will exceed Rs. 1.45 billion. This presents a strategic move in the Nepali share market and a significant opportunity for stock market investors.
How to Apply for the Himalayan Bank FPO:
The good news is, it’s easy to get involved! You can apply for a minimum of 10 shares. The application period begins tomorrow, July 16th, and closes on July 19th. If the FPO isn’t fully subscribed, the deadline may be extended to July 30th. Make sure you don’t miss this deadline to participate in the FPO.
To apply, you’ll need to use the ‘Mero Share’ system and C-ASBA. This makes the application process simple and convenient for new investors and experienced stock traders alike.
Important Details for Investors:
- FPO Issue Date: July 16th
- Application Deadline: July 19th (potentially extended to July 30th)
- Issue Price: Rs. 157 per share
- Rating: CARE NP BBB (Issuer), indicating a moderate level of risk.
- Selling Manager: Citizens Capital Limited
Future of Himalayan Bank:
Post-FPO, Himalayan Bank’s paid-up capital will surpass Rs. 22.58 billion. This FPO represents not just an investment but also a commitment to growth and expansion for the bank. Don’t miss your chance to be a part of Himalayan Bank’s future. Consider the financial market and invest wisely. Good luck to all investors!
