Kathmandu – Today is the final day for investors to apply for shares in the Follow-up Public Offering (FPO) of Himalayan Bank Limited. The FPO, which opened on July 16, will close by the end of business on July 20.
The bank is issuing 9,250,469 shares at a price of Rs 157 per share. This includes a face value of Rs 100 and a premium of Rs 57. The total value of the FPO stands at approximately Rs 1.45 billion.
Himalayan Bank’s current paid-up capital is Rs 21.65 billion, with 72.99% of shares held by the promoter group and the remaining 27.01% owned by the general public. According to the Bank and Financial Institutions Act, 2016, at least 30% of the total issued capital must be allocated to the public. This FPO issuance is part of the bank’s effort to meet that statutory requirement.
Investors can apply for a minimum of 10 shares and up to the full offered quantity. At the FPO price, the minimum investment required is Rs 1,570 for 10 shares.
Citizens Capital Limited is managing the issuance process. Interested investors can submit applications through any bank or financial institution offering C-ASBA services approved by the Nepal Securities Board, or via the Mero Share online platform.
CARE Ratings Nepal has assigned the bank a “CARE NP BBB (Issuer Rating)”, indicating a moderate degree of risk in the bank’s ability to meet its financial obligations.
This offering provides an opportunity for retail investors to acquire shares in one of Nepal’s leading commercial banks at a competitive valuation.