25th September 2025, Kathmandu
Nepal Investment Mega Bank Limited (NIMB), one of the largest commercial banks in Nepal, has announced the sale of 88,805 promoter (founder) shares.
NIMB Promoter Shares for Sale
This move, which is being carried out in compliance with a directive from the Nepal Rastra Bank (NRB), offers a unique opportunity for the bank’s existing founding shareholders to increase their ownership stake. The sale is a direct consequence of the bank’s historic merger in 2023, where Nepal Investment Bank and Mega Bank Nepal combined their operations to create a new, larger entity. According to Nepal Rastra Bank’s directives, after a merger, the new entity must ensure that its ownership structure complies with regulatory guidelines, which may involve the sale of promoter shares that do not fit into the new structure or were acquired during the merger. This specific offering is designed to address a number of these requirements.
Exclusive Offering for Existing Promoter Shareholders
The initial phase of this share sale is exclusively for the bank’s existing promoter shareholders. They have a limited window of 35 days from the date of the announcement to submit their applications. Interested promoters are required to specify the number of shares they wish to purchase and the price they are offering per share. This application process must be completed by submitting the necessary documents to the bank’s share department, which is located at Lazimpat, Kathmandu. This initial offering gives existing promoters a preferential right to acquire additional shares before they are potentially offered to the general public.
The Sale Process and Future Outlook
The bank has outlined a clear, two-stage process for the sale:
First Right of Refusal: For the next 35 days, the 88,805 promoter shares are available only to the existing promoter shareholders. This provides them with an opportunity to consolidate or expand their ownership, which can strengthen their voting rights and influence over key corporate decisions.
Potential Public Offering: If, after the 35-day period, the promoter shareholders do not apply for the full allotment of the shares, the bank will then proceed with a public offering of the remaining shares. This two-stage approach ensures that the founding members are given priority while also allowing for broader market participation if there is a lack of demand from the promoters.
This development is significant because promoter shares, which represent the ownership stake of a company’s founders and early investors, are not as freely traded as public shares and are often subject to specific regulatory restrictions. The availability of such a large block of promoter shares on the market is a noteworthy event that provides insight into the bank’s evolving ownership structure.
Strategic Significance of the Sale
The sale of these shares is not just a regulatory compliance measure but also a strategic move. For existing promoters, acquiring more shares demonstrates their confidence in the bank’s financial health and future growth. This is particularly important for a bank that was formed through a major merger, as it sends a strong signal of stability and long-term commitment. For the wider investment community, a subsequent public offering could present a rare opportunity to acquire a significant stake in one of Nepal’s most prominent financial institutions.
Nepal Investment Mega Bank Limited has been a key player in the country’s financial sector since its formation in 2023 from the merger of Nepal Investment Bank and Mega Bank Nepal. With a comprehensive range of services, an extensive branch network, and a strong reputation for innovation, the bank plays a vital role in Nepal’s economic development. This share sale, therefore, is an event that highlights the dynamic nature of ownership structures within Nepal’s commercial banking industry and reflects ongoing regulatory efforts by the Nepal Rastra Bank to maintain transparency and fair practice in the market. The outcome of this offering will be closely watched by investors and market observers alike.
For More: NIMB Promoter Shares for Sale