Bank. The Bank is offering its Ordinary shares to General Public as IPO valued of Rs.960,000,000 (Divided in 960,000 Shares of Rs.100 each) From 2066/8/02 ¿ 2066/8/5 (Sooner) or to 2066/8/16 ( Later). With this issue, the Paid up capital of the bank will reached to Rs.320 Million. Well, if you are planning to apply for the IPO of this Bank then some of the below financial facts will be of great help to you.
(in '000)
| Particulars | 2064/65 | 2065/66 (Unaudited) | 2066/67 (Projected) | 2067/68 (Projected) |
| Paid Up capital | 224,000.00 | 224,000.00 | 640,000.00 | 1,280,000.00 |
| Reserve & Surplus | 269.00 | 6,787.00 | 27,050.00 | 110,294.00 |
| Unamortized Expenses | (1,283.00) | -- | -- | -- |
| Book Net Worth | 222,986.00 | 230,787.00 | 667,050.00 | 1,390,294.00 |
| No. of Shares('000) | 2,240.00 | 2,240.00 | 6,400 | 12,800.00 |
| Per Shares Networth | 99.54 | 103.03 | 104.23 | 108.62 |
| -- | -- | -- | -- | -- |
| Net Profit | 269.00 | 6,518.00 | 20,403.00 | 83,244.00 |
| EPS | 0.12 | 2.91 | 3.19 | 6.50 |
| Returned on Networth(%) | 0.12 | 2.82 | 3.06 | 5.99 |
Observing the Bank profit for past 2 years and its projection for the forth 2 years, Bank has and won't seem to be able enough to earn handsome profit. But thanks to the Management team for being able to keep the
Reserve and Surplus in positive figure in the early years too. In F\Y 2066/67, Bank has projected the profit of Rs.20, 403, which is 213.03% higher than this years profit. EPS too is projected to be 104% high, but these surged figures can't be termed as satisfactory in comparison to 185.71% increase in paid up capital.
What can we expect from this Bank?
If you are a profit hunter and you are applying the shares just for future cash inflow and little more of bonus shares then it's not the Bank you are looking for. With its projection, this Bank won't be able to return any handsome cash or pleased the shareholders with bonus shares. But if you're interested in holding its scrip to get the number multiplied with right issues then definitely you won't get disappointed. With in almost 3 Years to come, you'll be holding 4 shares for each you'll get allotted in IPO.
How high it could go?
(in ,000)
| --- | Vibor Bank | Api Finance | Sunrise Bank | Kasthmandap |
| Paidup Capital | 403,350 | 42,000 | 700,000 | 224,000 |
| Reserve & Surplus | (51,604) | 756 | 355 | 6,787 |
| Networth Per Share | 86.38 | 101.8 | 102.23 | 103.03 |
| Price Listed On | 428 | 550 | 499 | -- |
| PB Ratio | 4.95 | 5.40 | 4.88 | -- |
Source:Nepal Sharemarket
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