Kathmandu, July 7, 2013
Hamro Bikas Bank has announced to go public with 1,80,300 units shares. The bank is launching its initial public offering (IPO) from Shrawan 7.
The early closing date for filing application for the IPO has been set for Shrawan 10, though applicants will have 11 more days to apply as the last date has been fixed for Shrawan 21st if the IPO not fully subscribed.
Interested investors will have to apply for a minimum of 50 shares and the bank has put a cap of 18,000 shares maximum per applicant. Growmore Merchant Banker Limited has been appointed issue manager for the IPO.
The company has reserved 3606 shares for its employees.
The company has a paid up capital of Rs 4,20,70000 which will increase to Rs 6,01,00000 after the IPO sales. The bank’s net worth has been valued at Rs 123.05 and its EPS at Rs 12.04 as per the recent un-audited financial statement.
Hamro Bikas Bank is led by CEO Kapil Dhakal. The bank’s Board of Directors is headed by Chairman Hari Prasad and the BoD members are Dinesh Acharya, Dipendra Shrestha, Ganga Lal Shrestha, and Ramhari Sharma Rijal.
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