The interested investors can apply for a minimum of 50 units and maximum of all shares within the limit of NRB through all C-ASBA approved BFIs.
As per Siddhartha Capital, issue manager of the bank, a total of 17,539 applicants have applied for 2,451,090 units of shares worth Rs 686.3 million till Friday, July 27.
The issue is still undersubscribed by 15,233,768 units of shares which means the bank might be unable to sell the shares in the given deadline.
If the issue goes undersubscribed then the bank will open issue for the insiders of the bank. The remaining shares will have to be accepted by the underwriters of the issue.
The issue is being underwritten by 8 different underwriter companies including Global IME Capital, NIBL Ace Capital, Civil Capital, CBIL Capital, Sunrise Capital, Laxmi Capital, Sanima Capital and Nepal SBI Merchant Banking.
Presently, the company has a paid-up capital of Rs 8.04 billion which will reach Rs 9.81 billion after the FPO issue.
The bank has 62.21 percent share ownership of government and 37.79 percent of general shareholders. After the FPO, the share ownership of government will decrease to 51 percent.
