NMB FPO allotment concludes; Upto 1.50 lakh kitta allotted 100%; Premium to be included in this year’s financials

The allotment of the Further Public Offering of NMB Bank has concluded by the issue manager (Citizen Investment Trust). The allotment was done amidst a program in the Head Office of NMB Bank, Babarmahal, Kathmandu.

The bank had issued 1,14,15,163 unit shares as further public offering to the general public at a price of Rs 333 per share.

69,646 applicants had applied for the FPO while 69,626 were deemed to be valid applicants. Applications were received for a maximum of 2,25,200 unit shares.

All the valid applicants i.e. 69,626 applicants have been allotted. Those applicants who had applied up to 150,150 units have been allotted 100% of their applied units. There were 2 applicants who had applied above 150,150 units. Out of the two applicants, one who applied for 2,25,200 units was given 1,85,727 units and the other one who applied for 2,10,000 units got 1,85,726 units.

Premium to be included in the banks statements of this FY 2074/75

The amount collected from the issue of FPO shall form part of the bank’s financial report for the fiscal year 2074/75 which will appear in the notes as receivables. Similarly, the mutual funds and other institutional investors can include the investment made in the FPO as a part of their financials as well.

NMB Bank has proposed 15% bonus shares from the profit of FY 2073/74.The current capital of the bank now stands at Rs 7.60 arba after the adjustment of the issued FPO worth Rs 1.14 arba. The allotees of the FPO are also eligible to receive the bonus shares. After the issue of 15% bonus shares worth Rs 1.14 arba, the paid up capital of the bank will reach Rs 8.74 arba.