Himalayan Bank to Issue FPO Worth NPR 1.45 Billion from Asar 32

Himalayan Bank Limited (HBL) is set to issue its Further Public Offering (FPO) starting from Asar 32 (July 16, 2025). As per the Banks and Financial Institutions Act, 2073, at least 30% of the total issued capital must be allocated to the general public. Currently, 72.99% of the bank’s paid-up capital is held by the promoter group, and 27.01% is held by the public. To meet the 30% public shareholding requirement, HBL is issuing 92,50,469 FPO shares at a face value of NPR 100 with a premium of NPR 57, totaling NPR 157 per share, amounting to NPR 1.45 billion.

Applicants can apply for a minimum of 10 units, with no upper limit on the application quantity. The earliest closing date for the FPO is Shrawan 4 (July 19, 2025), and if undersubscribed, the issue may be extended up to Shrawan 14 (July 29, 2025). CARE Ratings Nepal has assigned a rating of CARE-NP BBB (Issuer Rating) to the bank, indicating moderate credit risk.

Citizens Capital Limited is the issue manager. Interested investors can apply through C-ASBA member banks and financial institutions, designated branches, or via the online Mero Share portal. After the FPO issuance, the paid-up capital of the bank will reach NPR 22.58 billion.