Himalayan Bank to Issue 9.25 Million FPO Shares at Rs. 157 Each
Himalayan Bank Limited is set to issue 9,250,469 units of Follow-on Public Offering (FPO) shares at a premium price of Rs. 157 per share. The offering will be open to the general public from Ashad 32 to Shrawan 4, 2082.
The FPO has received approval from the Securities Board of Nepal (SEBON) and aims to strengthen the bank’s capital base while increasing public ownership. The stated price includes a Rs. 57 premium over the face value of Rs. 100 per share.
Citizens Capital Limited has been appointed as the issue manager for the offering. The FPO has also received a credit rating of CARE-NP BBB (Is) from CARE Ratings Nepal, indicating a moderate degree of safety for timely servicing of financial obligations.
Interested investors can apply for the shares during the specified period through their respective ASBA-approved banks and financial institutions.
Read More
