Biggest ever IPO to hit investment floor soon! Hold your purse string tight for Rs 8 arba IPO shares of Nepal Infrastructure Bank with NIBL ACE Capital as issue manager

Nepal Infrastructure Bank has appointed NIBL ACE Capital as issue manager to float its Rs 8 arba worth of 8 crore unit shares to the general public.

The agreement for the same was signed between DY MD of the bank Mr. Binaya Nath Neupane and DY CEO of the merchant bank Mr. Mekh Bahadur Thapa amid a program.

The first and only infra sector bank in Nepal will be the first institution to issue such a massive volume of shares in the Nepalese market so far, as per the media statement. The bank has a paid up capital of Rs 12 arba and the  adjusted paid up capital will reach Rs 20 arba after floating the IPO shares. The infra bank aims to mobilize the investment exclusively in the infrastructure sector of Nepal in order to bridge the present funding gap in the sector, as further mentioned in the statement.