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CIT has planned to refund un-allotted money to the investors in their respective NIBL accounts. While the trust is discussing on the refund of un-allotted money to the investors who have applied for the FPO with accounts in other banks. SEBON has so far directed concerned parties to refund such money in the accounts of any banks or through member banks of Nepal Clearing House Limited.</p>
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CIT has planned to refund un-allotted money to the investors in their respective NIBL accounts. While the trust is discussing on the refund of un-allotted money to the investors who have applied for the FPO with accounts in other banks. SEBON has so far directed concerned parties to refund such money in the accounts of any banks or through member banks of Nepal Clearing House Limited.</p>
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CIT has planned to refund un-allotted money to the investors in their respective NIBL accounts. While the trust is discussing on the refund of un-allotted money to the investors who have applied for the FPO with accounts in other banks. SEBON has so far directed concerned parties to refund such money in the accounts of any banks or through member banks of Nepal Clearing House Limited.</p>
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April 10: Distribution of Further Public Offering (FPO) of Nepal Investment Bank Limited (NIBL) will take place on April 12. According to the Citizen Investment Trust (CIT), issue manager of the NIBL FPO, a model has been prepared to allocate 32 percent shares to small investors and 8.5 percent shares to big investors.
The prepared model is subjected to an approval from Securities Board of Nepal (SEBON). The bylaws of SEBON define investors investing up to Rs 50,000 as small investors while, those who invest above Rs 50,000 are categorised big investors. Thus, as per the model prepared by CIT, investors applying for 83 units of share (investment up to Rs 50,000) will get 26 units of shares. Meanwhile, investors who have applied for 84 units of shares (investment of 51 thousands) will get 8 units of shares.
NIBL on February 23 opened the FPO for an additional 9.69 million units of shares for general investors. The bank had issued FPO at the total price of Rs 601 which included actual price of Rs 100 plus premium of Rs 501. The FPO attracted more than Rs 35 billion of share applications.
CIT has planned to refund un-allotted money to the investors in their respective NIBL accounts. While the trust is discussing on the refund of un-allotted money to the investors who have applied for the FPO with accounts in other banks. SEBON has so far directed concerned parties to refund such money in the accounts of any banks or through member banks of Nepal Clearing House Limited.
After the FPO, NIBL’s paid up capital will increase to Rs 7.25 billion which is Rs 6.34 billion. Premium charged in FPO will be accumulated in the bank’s reserve fund which will have Rs 5 billion increase, thus, reaching to Rs 10 billion. The bank is likely to use the premium amount to distribute dividends which will help the bank easily meet the new capital requirement of Rs 8 billion as directed by Nepal Rastra Bank.
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CIT has planned to refund un-allotted money to the investors in their respective NIBL accounts. While the trust is discussing on the refund of un-allotted money to the investors who have applied for the FPO with accounts in other banks. SEBON has so far directed concerned parties to refund such money in the accounts of any banks or through member banks of Nepal Clearing House Limited.</p>
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CIT has planned to refund un-allotted money to the investors in their respective NIBL accounts. While the trust is discussing on the refund of un-allotted money to the investors who have applied for the FPO with accounts in other banks. SEBON has so far directed concerned parties to refund such money in the accounts of any banks or through member banks of Nepal Clearing House Limited.</p>
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<p>The prepared model is subjected to an approval from Securities Board of Nepal (SEBON). The bylaws of SEBON define investors investing up to Rs 50,000 as small investors while, those who invest above Rs 50,000 are categorised big investors. Thus, as per the model prepared by CIT, investors applying for 83 units of share (investment up to Rs 50,000) will get 26 units of shares. Meanwhile, investors who have applied for 84 units of shares (investment of 51 thousands) will get 8 units of shares.</p>
<p>NIBL on February 23 opened the FPO for an additional 9.69 million units of shares for general investors. The bank had issued FPO at the total price of Rs 601 which included actual price of Rs 100 plus premium of Rs 501. The FPO attracted more than Rs 35 billion of share applications. <br />
CIT has planned to refund un-allotted money to the investors in their respective NIBL accounts. While the trust is discussing on the refund of un-allotted money to the investors who have applied for the FPO with accounts in other banks. SEBON has so far directed concerned parties to refund such money in the accounts of any banks or through member banks of Nepal Clearing House Limited.</p>
<p>After the FPO, NIBL’s paid up capital will increase to Rs 7.25 billion which is Rs 6.34 billion. Premium charged in FPO will be accumulated in the bank’s reserve fund which will have Rs 5 billion increase, thus, reaching to Rs 10 billion. The bank is likely to use the premium amount to distribute dividends which will help the bank easily meet the new capital requirement of Rs 8 billion as directed by Nepal Rastra Bank. </p>
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'summary' => 'April 10: Distribution of Further Public Offering (FPO) of Nepal Investment Bank Limited (NIBL) will take place on April 12. According to the Citizen Investment Trust (CIT), issue manager of the NIBL FPO, a model has been prepared to allocate 32 percent shares to small investors and 8.5 percent shares to big investors. ',
'content' => '<p>April 10: Distribution of Further Public Offering (FPO) of Nepal Investment Bank Limited (NIBL) will take place on April 12. According to the Citizen Investment Trust (CIT), issue manager of the NIBL FPO, a model has been prepared to allocate 32 percent shares to small investors and 8.5 percent shares to big investors. </p>
<p>The prepared model is subjected to an approval from Securities Board of Nepal (SEBON). The bylaws of SEBON define investors investing up to Rs 50,000 as small investors while, those who invest above Rs 50,000 are categorised big investors. Thus, as per the model prepared by CIT, investors applying for 83 units of share (investment up to Rs 50,000) will get 26 units of shares. Meanwhile, investors who have applied for 84 units of shares (investment of 51 thousands) will get 8 units of shares.</p>
<p>NIBL on February 23 opened the FPO for an additional 9.69 million units of shares for general investors. The bank had issued FPO at the total price of Rs 601 which included actual price of Rs 100 plus premium of Rs 501. The FPO attracted more than Rs 35 billion of share applications. <br />
CIT has planned to refund un-allotted money to the investors in their respective NIBL accounts. While the trust is discussing on the refund of un-allotted money to the investors who have applied for the FPO with accounts in other banks. SEBON has so far directed concerned parties to refund such money in the accounts of any banks or through member banks of Nepal Clearing House Limited.</p>
<p>After the FPO, NIBL’s paid up capital will increase to Rs 7.25 billion which is Rs 6.34 billion. Premium charged in FPO will be accumulated in the bank’s reserve fund which will have Rs 5 billion increase, thus, reaching to Rs 10 billion. The bank is likely to use the premium amount to distribute dividends which will help the bank easily meet the new capital requirement of Rs 8 billion as directed by Nepal Rastra Bank. </p>
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'summary' => 'April 10: Distribution of Further Public Offering (FPO) of Nepal Investment Bank Limited (NIBL) will take place on April 12. According to the Citizen Investment Trust (CIT), issue manager of the NIBL FPO, a model has been prepared to allocate 32 percent shares to small investors and 8.5 percent shares to big investors. ',
'content' => '<p>April 10: Distribution of Further Public Offering (FPO) of Nepal Investment Bank Limited (NIBL) will take place on April 12. According to the Citizen Investment Trust (CIT), issue manager of the NIBL FPO, a model has been prepared to allocate 32 percent shares to small investors and 8.5 percent shares to big investors. </p>
<p>The prepared model is subjected to an approval from Securities Board of Nepal (SEBON). The bylaws of SEBON define investors investing up to Rs 50,000 as small investors while, those who invest above Rs 50,000 are categorised big investors. Thus, as per the model prepared by CIT, investors applying for 83 units of share (investment up to Rs 50,000) will get 26 units of shares. Meanwhile, investors who have applied for 84 units of shares (investment of 51 thousands) will get 8 units of shares.</p>
<p>NIBL on February 23 opened the FPO for an additional 9.69 million units of shares for general investors. The bank had issued FPO at the total price of Rs 601 which included actual price of Rs 100 plus premium of Rs 501. The FPO attracted more than Rs 35 billion of share applications. <br />
CIT has planned to refund un-allotted money to the investors in their respective NIBL accounts. While the trust is discussing on the refund of un-allotted money to the investors who have applied for the FPO with accounts in other banks. SEBON has so far directed concerned parties to refund such money in the accounts of any banks or through member banks of Nepal Clearing House Limited.</p>
<p>After the FPO, NIBL’s paid up capital will increase to Rs 7.25 billion which is Rs 6.34 billion. Premium charged in FPO will be accumulated in the bank’s reserve fund which will have Rs 5 billion increase, thus, reaching to Rs 10 billion. The bank is likely to use the premium amount to distribute dividends which will help the bank easily meet the new capital requirement of Rs 8 billion as directed by Nepal Rastra Bank. </p>
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