NMB Bank to float 1.14 crores units FPO from Jestha 30th ; issue price Rs 333

NMB Bank has published the offer letter for the issuance of FPO shares.

As per the offer letter, the company will issue 1,14,15,163 units shares at a price Rs 333. The issue will commence from Jestha 30th, 2075 and end on 3rd Ashad (If early). The issue can however, extend till 28th Ashad, 2075 in case of undersubscription. 

One can apply for a minimum of 10 units and a maximum of 57,070 units in the issue.

Citizen Investment Trust will be the issue manager for the public issue. ICRA  Nepal has assigned Grade 3 rating for the issue. 

The bank will collect a premium of 2.65 arba from this FPO hiking its reserve to 8.29 arba. The paid-up capital will reach to 7.60 arba  after this issue. 

NMB Bank was last traded for Rs 395 in the stock exchange.