Hamro Bikas Bank Ltd proposed 7% bonus share & 20% cash dividend for fy 2070/71

Hamro Bikas Bank Ltd has proposed 7 percent bonus share and 20 percent cash dividend to its shareholders from the net profit it posted in the last fiscal year 2070/71. A meeting of Board of Directors of the development bank took the decision to this effect on Saturday.

Share market static as Dashain approaches

The stock exchange this week — September 29 to October 3 — witnessed more than 45.6 million units of ordinary shares getting listed, while the market remained almost static due to the fast approaching Dashain.

Four financial institutions — Rural Microfinance Development Center, Hamro Bikas Bank, Jebil’s Finance and Sana Kisan Bikas Bank — that had conducted their Initial Public Offerings in July, got their 9.8 million units of ordinary shares listed at Nepal Stock Exchange (Nepse) for trading this week.

IPO stock collection of Hamro Bikas Bank reaches Rs 5 crore.

Hamro Bikas Bank IPO has collected more proceeds on the last day than on all other days combined.
The IPO collection that stood at around Rs 2 crore a day before the closing, added approximately Rs 3 crore on the last day, taking  the total to around Rs 5 crore.

Hamro Bikas Bank raises Rs 2 crore, IPO shares issue closing today

Hamro Bikas Bank IPO is closing today. Though the bank had set the final closing date for Shrawan 21, in view of the shares already being oversubscribed, the IPO offer will end today.

The sales so far has already exceeded the bank’s target of raising Rs 1.8 crore as the collection reached approximately Rs 2 crore, as per the bank sources.

Hamro Bikas Bank Limited IPO shares issued from today.

Hamro Bikas Bank Limited has launched its IPO from today.
The bank has floated 1,80,300 shares, out of which 3,606 shares have been allocated to the employees, while the remaining 1,76,694 units shares would be open for sale among general public.

Hamro Bikas Bank announced public IPO with 1,80,300 units shares from Shrawan 7.

Hamro Bikas Bank has announced to go public with 1,80,300 units shares. The bank is launching its initial public offering (IPO) from Shrawan 7.

The early closing date for filing application for the IPO has been set for Shrawan 10, though applicants will have 11 more days to apply as the last date has been fixed for Shrawan 21st if IPO not fully subscribed.

Interested investors will have to apply for a minimum of 50 shares and the bank has put a cap of 18,000 shares per applicant. Growmore Merchant Banker Limited has been appointed issue manager for the IPO.

The company has reserved 3606 shares for its employees.