Nepal Community Development Bank IPO opens today

ShareSansar, January 19:
 
Nepal Community Development Bank (NCDB) will float its Initial Public Offering (IPO) from Sunday.

The development bank based in Butwal is floating 300,000 units of ordinary shares at Rs 100 face value.

The IPO will close on January 22.

Of the total primary shares being floated, 6,000 units have been earmarked for its staff.

The development bank has appointed Growmore Merchant Banker as its issue manager, and has set up collection centers at 14 places including all the branches of NCDB, and offices of Growmore, Civil Capital and Laxmi Capital in Kathmandu.

Nepal Community Development Bank Limited had posted a net loss of Rs. 22.3 lakhs during the third quarter of the last fiscal year 2068/69.

Its Net Worth Per Share stands at Rs 91 and EPS at 0.80 percent, according the offer letter issued by the development bank on January 8.