Manaslu Bikas Bank IPO closing from tomorrow, have collected Rs.4 crore in 3 days

ShareSansar, Aug 13:

Manaslu Bikas Bank Limited is closing its ongoing IPO from tomorrow (30th Shrawan 2070). The bank has floated 360,000 unit shares at Rs 100 face value to the general public on 27th Shrawan, 2070. As per the issue manager Growmore Merchant Banker Ltd., approx Rs.4 crore money has been collected till today and the amount will increased more on the last issuing date i.e. tomorrow.
 
The bank’s paid up capital currently stands at Rs 8.4 crores, which is expected to reach Rs 12 crores after the IPO.

ICRA Nepal, the rating agency of Nepal, has graded the IPO as ‘[ICRANP] IPO Grade 4’, a below average rating.

Manaslu Bikas Bank launches IPO