NMB Bank FPO still waiting for applicants ; 36% issue yet to be subscribed

The ongoing FPO of NMB Bank seems like having a hard time. The market price hovering quite near to the FPO price has kept a lot of investors away from the issue. As per the data received from CDSC, the company has received application for 72.77 lakh units till 12 pm today, which amounts to Rs 2.42 arba. This is 63.74% of the total issue. The company has been issuing FPO worth Rs 3.80 arba at Rs 333. 

The company still has 36% of the shares to be subscribed. Though the doors for instiitutional investors, to apply for bulk units, are open , No good sign has been received by the company yet. The issue can extend to 28th Ashad, 2075 in case of undersubscription.   

The shares of NMB Bank were last traded at Rs 347 in the stock exchange. 

Read a complete detail about NMB Bank : Is it Worth applying for NMB Bank FPO???