Himalayan Bank Seeks SEBON Approval for Premium-Priced FPO
Himalayan Bank has applied to the Securities Board of Nepal (SEBON) for approval to issue a FPO at a premium price of Rs 169 per share. The proposed FPO includes over 9.25 million shares, aiming to raise approximately Rs 1.56 billion.
Himalayan Bank Limited has officially approached the Securities Board of Nepal (SEBON) seeking approval to issue a Follow-on Public Offering (FPO) at a premium price. This move marks a strategic step by the bank to enhance its capital base and broaden its shareholder reach.
According to sources, the bank submitted its application along with additional documentation to SEBON on Jestha 23. If approved, the FPO will offer 9,250,469 shares at a premium price of Rs 169 per share, totaling Rs 1.56 billion in expected proceeds.
To manage the issuance process, Himalayan Bank has appointed Citizens Capital Limited as the issue and sales manager. The bank plans to utilize the raised capital to strengthen its financial structure and support future expansion in Nepal’s competitive banking sector.
This proposed FPO aligns with the bank\\\