Himalayan Bank has launched an FPO worth over Rs. 1.45 arba to increase public ownership to 30%. Shares are priced at Rs. 157 each and are open for application until Shrawan 4.
Himalayan Bank Limited has issued a Further Public Offering (FPO) of 92,50,469 shares starting today, Asar 32. The issuance is in accordance with the Bank and Financial Institutions Act, 2073, which mandates that at least 30% of a company’s total issued capital must be allocated to the general public.
FPO Details
The FPO aims to raise more than Rs. 1.45 arba, with each share priced at Rs. 157, including a face value of Rs. 100 and a premium of Rs. 57.
- Number of shares issued: 92,50,469
- FPO price per share: Rs. 157 (Rs. 100 face value + Rs. 57 premium)
- Total issue size: Over Rs. 1.45 arba
- Minimum application: 10 units
- Maximum application: Up to total available units
- Application deadline: Shrawan 4 (with extension until Shrawan 14 if under-subscribed)
- Rating: CARE NP BBB (Issuer) – indicating moderate risk
- Issue manager: Citizens Capital Limited
- Application process: Through Mero Share and C-ASBA system
Objective Behind the FPO
Currently, Himalayan Bank’s paid-up capital exceeds Rs. 21.65 arba, with 72.99% held by promoters and 27.01% by the general public. To comply with regulatory requirements and raise public ownership to 30%, the bank is offering this FPO.
Post-FPO Capital Structure
Following the FPO, the bank’s paid-up capital is expected to exceed Rs. 22.58 arba.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
