How Many Have Applied for IPO of Nepal Infrastructure Bank on the First Day?

The IPO of Nepal Infrastructure Bank Limited has opened from today, i.e. Magh 02.

The company has issued 8,00,00,000 unit shares worth Rs 8 Arba as Initial Public Offering to the general public, making it the biggest IPO in the history of NEPSE. The early closing date of this issue is on Magh 6 and if the issue is not fully subscribed till Magh 6, then it can be extended up to Magh 16, 2077.

Out of the offered 8,00,00,000 units; 0.20% of the total offered shares to the general public i.e. 1,60,000 units have been set aside for the employees of the company and 5% for the mutual funds. The remaining 7,58,40,000 units are for the general public.

NIBL Ace Capital Limited has been appointed as the issue manager for the IPO issuance. According to CDSC, 2,85,318 applicants have applied for a total of 3,70,62,670 units. This is the collection data as of writing (afternoon of the first day).

The company was established to serve and benefit from investment in significant infrastructure projects like Hydropower projects, road infrastructures, etc. However, Nepal Infrastructure Bank's profit has declined by 12.43% to Rs 18.01 crore in the first quarter of the fiscal year 2077/78. Its annualized earning per share stands at Rs 6, and net worth per share stands at Rs 115.