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Smart and Kheladi ji,

Both of you make sense regarding the subject matter of conversion of 19% promoter shares in to ordinary one.

Now, which all other banks are in queue to offload their stake in to public in the near future,

BOK has already 58% public share in the market.

EBL, SCB, Nepal SBI has foreign Joint venture. (So they may not offload.)

Nabil and NIBL has NIDC and RBB banks cross holding so they may not convert, (as per my belief)

Janata, Civil, Mega, Commerz, Century, may not have big affect if it get converted as well (since they are new banks, and the price is very low below 200)

NBL, ADBL, RBB, difficult to say (since they have government stake in it)

Kist is in merge process with Vibor currently.

Machhapuchchhre bank (NRN investors may buy back due to its low price and to increase their stake, and they have been buying in bulk as seen in recent times)

Now left outs are: They may get it approve from their respective AGM, if not and offload...

PCBL, Laxmi, Lumbini, Grand, Global IME, Citizen bank, Himalayan, Sunrise

In total out of 31 Banks, i have already mentioned 24 banks in the above points. And 7 of them (NCC, NB Bank, Sanima, Kumari, Siddhartha, NIC Asia, NMB Bank have already got approval from Nepse regarding conversion from existing 70 to 51% promoter stake.

Have your say

Dear Smart ji,

Thank you for keeping forward the genuine questions regarding the Promoter Share offload matter in this discussion forum.

As per my knowledge and understanding, i have found out that the 19% Promoter Shares is already offloaded of NIC Asia, Sanima, Siddhartha, Kumari and NMB bank from 1st Shrawan, 2070 in the market via buying and selling transaction via registered brokers of Nepse.

You can see, that the Share Price of Sanima Bank, NMB Bank has not been able to increase though the index has increased so much in last one month.

There was the supply of the promoter shares which has been converted as an ordinary Shares after the consent given by the Nepse and Sebon.

And today, the same approval has been given to NCC bank and NB Bank as well.

That is why there has not been much demand of NIC Asia and Siddhartha Bank as well.

And the only reason NCC Bank, Siddhartha Bank, Kumari Bank share price can propel is due to the BOnus Share expectation from FY 2069/70 profits to meet up their paid up capital as Rs 200 crores.

And since NMB, Sanima, NB Bank, NIC Asia have already achieved their required paid up capital; there has not been much demand on any of this stock.

There is no Doubt that the big players, promoters, Nepse and broker officials were not aware about this issue.

It is only REVEALED after so so so so long time to the innocent investors of Nepal after a month of time.

What is the investors FORUM is doing? Please raise your voice friends. Or else, the innocent and the real investors interest will always go in Vain like this.


I, myself had invested in Sanima Bank shares seeing its good growth in last quarter profits and considerable price in the secondary market.

And there must be so many like me who had invested in NIC Asia, NMB, NB Bank who did not get any return like how they would have got in other related banking companies. Only BECAUSE OF LACK OF INFORMATION.....................................................TIMELY INFORMATION...........


Your's

Kheladi

Dear investors,

Kindly give your views on the share conversion ratio from the existing 70% promoter shares to 51% promoter shares holding of the NMB, NIC Asia, Sanima, Kumari and Siddhartha Bank.

How long will it take to offload the 19% shares in the market?

Who will determine the price of the 19% shares?

Who can buy those promoter shares? And after buying one can sell it easily as an ordinary shares in the market?

Will the 19% promoter shares will be converted in the ordinary in the proportionate basis among the 70% promoter share holders?

It would be grateful if the expert advisers, market players, technical and fundamental analysts give some insights on the above questions.

Like me definitely there would be so many investors, who would want to clear above mentioned queries by me.

It is better be clear and then trade (buy or sell) than simply on the basis of any news or rumor.


Beat Regards,

Smart Investor