IPO result of Namaste Bittiya Sanstha and Gaumukhee Bikas Bank

Kathmandu, July 10, 2013

Namaste Bittiya Sanstha and Gaumukhee Bikas Bank have declared the results of their IPOs on Asar 27th.  NMB Capital - is the issue manager for both the IPOs

The over subscription amount would be refunded to the applicants by the first week of Shrawan.

Namaste Bittiya Sanstha’s IPO that had floated 100,000 unit shares on June 7 was oversubscribed nearly three times. Likewise, Gaumukhee Bikas Bank had issued 1,20,000 units shares on June 12, allocating 2400 units for employees and 6000 units for mutual fund companies.

IPO Result of Namaste Bittiya Sanstha;

IPO Result of Gaumukhee Bikas Bank

NMB Capital gets mutual fund license

KATHMANDU, Sept 3, 2012

The Securities Board of Nepal (Sebon) -- the stock market regulator -- has licensed NMB Bank to operate mutual fund. NMB Capital, a subsidiary of NMB Bank, has also applied at Sebon for permission to work as fund manager and depository for the mutual fund. Issuing a press statement, NMB Bank said it plans to come up with investment scheme in the capital market collecting Rs 500 million-Rs 1 billion from small and big individuals as well as institutional investors in the current fiscal year.

Source: Republica