Promoters of NIBL eligible to apply FPO whereas BFIs are not

Kathmandu February 23- Nepal Investment Bank Limited is offering 9 million 69 thousands 388 units of FPO from February 23 at the price of Rs. 100 with premium of Rs. 501. Interested investors can apply minimum of 10 units and maximum of 200 thousands units. The issue will seal on February 26 at the earliest. D-mat A/C is not compulsory to apply for FPO of Investment Bank.

As per sources from NIB, SEBON and Citizen Investment Trust, issue manager, Promoter shareholder of Nepal Investment Bank are eligible to apply in the FPO.

However, institutional promoters like Citizen Investment Trust, Rastriya Beema Sansthan and Bank and Financial Institutions are not eligible to apply in FPO.