SEBON adds 4.63 lakh unit FPO shares of Citizens Bank in pipeline; Premium price not decided yet

Sun, Apr 15, 2018 2:47 PM on Featured, IPO/FPO News, Latest, Stock Market,
SEBON adds...

Securities Board of Nepal (SEBON) has added the Further Public Offering (FPO) of Citizens Bank International Limited (CZBIL) in its IPO pipeline.

The commercial bank is seeking permission from the board to issue 4,63,826 unit shares as further offering for the general public.

Global IME Capital Limited has been appointed as the issue manager for the FPO issuance.

After the issuance, the promoter public ownership ratio will be 51:49.

The FPO is yet subject to approval from SEBON, so the price hasn’t been fixed yet. Also because the market price is volatile this time, no speculations can be made. Currently, the bank’s ownership structure is 51.29:48.71.

The underwriter for the issue is Civil Capital Market Limited.

The per unit price of the shares have not been decided yet. The paid up capital of CZBIL stands at Rs 8.02 arba.

The LTP of the shares of CZBIL stood at Rs 260 as on Chaitra 29, 2074.