Kathmandu. The preference shares of Sanima Bank Limited (Sanima Bank) have been listed on the NEPSE Stock Exchange (NEPSE) on Thursday.
Nepal Stock Exchange (NEPSE) has listed Sanima Bank Limited (NEPSE) worth Rs 2 billion. A total of 20 million units of preference shares of the bank have been listed at a face value of Rs 100.
The bank has fixed the dividend rate at 8.25 per cent. It is distributed only in the year of profit.
Muktinath Capital Limited has been appointed as the issue manager for the IPO issuance.
Now, the preferential shares of Sanima Bank will also be traded from Friday. These shares will be traded only among institutional investors. This is because general investors, securities dealers (securities brokers, stock traders, merchant bankers, etc.) licensed by the Securities Board of India (SEBON) and mutual investment funds are not allowed to buy and sell these preferential shares.
