Himalayan Bank’s Further Public Offering (FPO), open since Asar 32, closes today (Shrawan 4).
Himalayan Bank Limited is concluding the application process for its Further Public Offering (FPO) today, Shrawan 4, 2081 B.S. The offering was opened on Asar 32 in accordance with the Banking and Financial Institutions Act, 2073, which mandates that at least 30% of a bank’s total issued capital must be allocated to the general public.
As of now, the bank’s total paid-up capital exceeds Rs. 21.65 arba, with the promoter group holding 72.99% and the general public holding 27.01%. In order to meet the 30% public ownership threshold, the bank is issuing 92,50,469 units of ordinary shares. Each share is priced at Rs. 157, which includes a par value of Rs. 100 and a premium of Rs. 57. The total value of the FPO exceeds Rs. 1.45 arba.
Investors can apply for a minimum of 10 units and up to the full amount offered. Applications can be submitted through ASBA-approved member banks and financial institutions, or online via the Mero Share portal under the C-ASBA system.
Care Ratings Nepal has assigned Himalayan Bank a credit rating of ‘CARE-NP BBB’, indicating a moderate degree of risk regarding the bank’s ability to meet its financial obligations. Citizens Capital Limited is the issue manager for this FPO.
Following the completion of 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.
