Himalayan Bank FPO Opens Today! Your Guide to Investing in Nepalese Stocks
Are you looking to invest in Nepal’s stock market? Today marks a significant opportunity! Himalayan Bank Limited has launched its Follow-on Public Offering (FPO), offering 9,250,469 units of FPO shares to the public, starting July 16th. This is a crucial step for the bank, adhering to the Bank and Financial Institutions Act, 2073, which mandates a minimum of 30% of the total issued capital to be allocated to the general public.
Investing in an FPO in Nepal is a smart move for those wanting to diversify their investment portfolio. The Himalayan Bank FPO is an exciting prospect for anyone considering stock market investment in Nepal.
Currently, the bank boasts a paid-up capital exceeding NPR 21.65 billion. The ownership structure comprises 72.99% held by promoters and 27.01% by the general public. The FPO aims to increase the public ownership to 30%. The Himalayan Bank FPO price is set at NPR 157 per share, comprising a face value of NPR 100 and a premium of NPR 57. This means you can potentially acquire shares in a leading Nepalese bank at an attractive price. The total size of this FPO will exceed NPR 1.45 billion.
How can you apply for the Himalayan Bank FPO? The FPO application process is straightforward. You can apply for a minimum of 10 shares and up to the maximum open quantity. The deadline for submitting your application is July 19th, but there is potential for an extension until July 29th if the initial subscription period does not garner enough interest.
This FPO has received a credit rating of “CARE NP BBB (Issuer),” which indicates a moderate level of risk. The sales manager for this FPO is Citizens Capital Limited. You can apply for the Himalayan Bank FPO through “Mero Share” and the C-ASBA system. Using Mero Share streamlines the process, making it easy to buy stocks in Nepal.
After the FPO, the bank’s paid-up capital will exceed NPR 22.58 billion. Don’t miss out on this chance to participate in the growth of Himalayan Bank and invest in the Nepalese financial sector. Learn how to invest in stocks and consider adding this FPO to your investment strategy in Nepal.
