Himalayan Bank to Issue FPO from Today, Applications Open Until Shrawan 4

Himalayan Bank Limited is set to issue a Further Public Offering (FPO) starting today (Shrawan 1). As per the Banks and Financial Institutions Act, 2073, the bank is required to maintain at least 30% public ownership. Currently, the public holds 27.01% of the shares. To meet the requirement, the bank will issue 92,50,469 units of shares at a price of NPR 157 per share (including NPR 57 premium), amounting to NPR 1.45 billion. Following the FPO, the bank’s paid-up capital will increase to NPR 22.58 billion.

Investors must apply for a minimum of 10 units, with no upper limit on the maximum quantity. The application deadline is Shrawan 4, which may be extended to Shrawan 14 if under-subscribed. The issue has received a "CARE NP BBB" rating from CARE Ratings Nepal, indicating moderate credit risk. Citizens Capital Limited is the issue manager, and applications can be submitted online through the MeroShare platform via the C-ASBA system.