Countdown begins for the biggest ever IPO of Nepal; expected that no applicants will go empty-handed

Wed, Jan 6, 2021 7:23 AM on Latest, IPO/FPO News,

Nepal Infrastructure Bank Limited has appointed NIBL Ace Capital Limited as its issue manager for the IPO issuance. This is the biggest IPO in the history of Nepal’s capital market. The bank is issuing IPO of 40% of its issued capital i.e. 8 crore units worth NRS. 8 Arba. from Magh 02, 2077 to Magh 06, 2077.

NIFRA has a paid-up capital of 20 Arba, and the company had collected 12 Arba paid-up capital from its Promoter Shareholder and the remaining 8 Arba will be collected through this IPO to meet its paid-up capital.

As per the current share market scenario, it is expected that no applicants will go empty-handed in this largest IPO.

Nepal Infrastructure Bank Limited (NIFRA) is established by Banks and Financial Institutions (BFIs), Life and Non-life Insurance companies, and other private sector leading entities and a team of entrepreneurs in joint participation with the Government of Nepal (GoN).