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FPO allotment result

Nepal SBI Bank Limited has allotted its 67,767.87 units FPO shares today at Nepal SBI Merchant Banking Limited, Hattisar on 3:30 PM. Of the total 57,126 applicants, only 6,776 investors got the shares alloted, out of which 7 applicants were allotted 11 units, 1 was allotted 10.87 units, and the rest were allotted 10 units each through lottery.

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The shares set aside for retail investors was oversubscribed by 55 times and those set aside under other category were oversubscribed by 82 times. Of the 44,087 retail investors who had applied from 10 to 50 kitta shares, 2711 applicants were allotted 10 units each. Similarly, out of 13,039 investors in the “Other” category, 4065 applicants were allotted 10 units.

Nepal SBI Bank had issued the FPO as per a directive issued by the central bank to maintain at least 30% stake of public shareholders in its share structure. Its promoter shareholder: public shareholder structure before the FPO stood at 70.12:29.88. Two institutional promoters hold 70.12% of total shares in the Bank. State Bank of India holds 55.09% of the total ownership whereas Employee Provident Fund holds 15.03% shares. After the FPO, the promoter and public shareholding structure is at 70% and 30%.

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