Public Offering of Himalayan 80-20 Opens From Today; All information You Need To Know In One Place

Company Profile

The mutual fund scheme "Himalayan 80-20" is promoted by Himalayan Bank and managed by Himalayan Capital Limited. This is the first mutual fund of Himalayan Capital.

Himalayan Bank Limited, established in 1993 as a Joint Venture of Habib Bank Limited of Pakistan has been successfully reigning the banking industry since its inception. The bank holds the legacy of introducing various banking services for the first time in Nepal from the very beginning. Products such as Premium Savings Account, HBL Proprietary Card, and Millionaire Deposit Scheme besides services such as ATMs and Tele-banking were first introduced by HBL which was able to win customers’ hearts during that time. Since its establishment, the bank has been highly focused on innovative approaches and customer satisfaction. The bank started its journey from the Employees Provident Fund Building, popularly known as Sanchayakosh Building at Thamel, Kathmandu.

HBL has also been serving Nepali citizens living in the country and abroad through remittance services. Presently, HBL is the biggest inward remittance handling bank in Nepal. With its exclusive and proprietary online money transfer software – HimalRemitTM, HBL is among the top remittance service providers in Nepal having ties with financial institutions based in the Middle East, Gulf region, UK, Australia, USA, Japan, Israel, South Korea, Malaysia, Singapore, Portugal, Spain and Hongkong. With respect to the Merger and Acquisition Policy introduced by Nepal Rastra Bank, Himalayan Bank Limited acquired Civil Bank Limited at a 100:80.28 swap ratio (A shareholder holding 100 scrips of CBL got 80.28 scrips of HBL) and commenced the joint operation as “Himalayan Bank Limited” from February 24, 2023. After the acquisition, the Bank has been happily serving its customers from a total of 189 Branch Offices, 20 Extension Counters, and more than 263 ATM Booths spread all over Nepal.

Following in the proud legacy of Himalayan Bank Limited which has stood as the leading Financial Institution of Nepal since its inception in 1993, Himalayan Capital Limited has been established to provide financial solutions in the same vein, carrying forward the promise of reliable and sustainable growth for its customers with regards to the ever-growing financial and capital markets of Nepal. Himalayan Capital provides all the financial services permissible under the prevailing Merchant Banker Regulations of Nepal, namely Securities Management (Issue, Underwriting, and Registrar), Investment and Portfolio Management, and Advisory.

About the issue:

Himalayan Capital Limited will be issuing its first-ever close-end mutual fund scheme "Himalayan 80-20" from today i.e. on 32nd Shrawan to 4th Bhadra, 2080. If not subscribed fully by the early closing date, the issue can be extended till Bhadra 15.

Out of 10 crore unit shares; 15% or 1.50 crore units worth Rs. 15 crores have been allocated to the fund sponsor Himalayan Bank Limited whereas the remaining 8.50 crore units will be issued to the general public from 32nd Shrawan.

"Himalayan 80-20" is a closed-end fund that will be traded in NEPSE. It has a maturity period of 10 years. Applicants can apply for a minimum of 100 units to a maximum of 10,000,000 units.

Offer Letter

Supervisors of Himalayan 80-20:

General Asset Allocation of the proposed scheme's portfolio:

Capital Structure of Himalayan Capital:

Uses of Fund:

Management Team: