Himalayan Bank Limited (HBL) has officially opened its Further Public Offering (FPO) from today, Ashad 32 (July 16). The bank is issuing 9,250,469 units of FPO shares at a rate of NPR 157 per share, totaling approximately NPR 1.45 billion.
The FPO issuance is aimed at maintaining the shareholding ratio of 70:30 between promoter and public shareholders.
Citizens Capital Limited is serving as the issue manager for this offering. Investors must apply for a minimum of 10 units, while there is no cap on the maximum—applicants may apply for the entire lot.
The earliest closing date of the FPO is set for Shrawan 4 (July 20). However, if the issue is not fully subscribed by then, the application period will be extended until Shrawan 14 (July 30).
