Garima Bank Founder Shares: Public Share Sale Investment Opportunity Kathmandu
13th March 2025, Kathmandu
Garima Bikas Bank Limited has announced the sale of 349,980.95 founder shares. The shares, previously reserved for founder shareholders, are now open to the general public and existing shareholders.
Garima Bank Founder Shares
Out of the total shares, 251,952.11 are available for purchase by the general public and institutions. The remaining 98,028.84 shares are reserved for existing founder shareholders. Interested buyers must submit their applications within the specified deadlines.
Application Process
The general public and institutions have 15 days to apply for the shares. Applications must be submitted at the bank’s central office in Lazimpat, Kathmandu. Existing founder shareholders have 35 days to apply for the reserved shares.
This decision follows the bank’s earlier attempt to sell the shares exclusively to founder shareholders, which saw limited interest. The bank has now opened the sale to a broader audience to ensure full subscription.
Key Details
General Public and Institutions: Can purchase up to 251,952.11 shares. Applications must be submitted within 15 days.
Existing Founder Shareholders: Can purchase up to 98,028.84 shares. Applications must be submitted within 35 days.
Interested buyers should visit the bank’s central office in Lazimpat for further details and to submit their applications.
Purpose of the Sale
The share sale is part of Garima Bikas Bank’s efforts to strengthen its capital base. It also aims to expand its shareholder network and provide investment opportunities to the public.
Background
Earlier, the bank offered these shares exclusively to founder shareholders. Due to limited interest, the sale is now open to a wider audience. This move ensures broader participation and helps the bank achieve its financial goals.
Opportunity for Investors
This share sale offers a chance for the general public and existing shareholders to invest in the bank’s growth. It reflects the bank’s commitment to inclusivity and transparency.
Conclusion
Garima Development Bank’s share sale is a significant step toward strengthening its financial position. It provides an opportunity for the public and existing shareholders to be part of the bank’s future success.
For more: Garima Bank Founder Shares
