Raptibheri floating IPO share to general public from today

ShareSansar, February 5:

 Raptibheri Bikas Bank Limited is issuing its Initial Public Offering (IPO) worth Rs 5 crore from Magh 22, 2071.

The class ‘B’ development bank based in Banke, Bardiya and Dang district has stated that the issue will close on Falgun 8, or by Magh 26 at the latest.

 One must apply for a minimum of 50 units and maximum of 1,00,000 units of the primary shares being floated at the face value of Rs 100 per unit.

 Of the total 5,00,054 units of the shares being issued, 25,003 units have been earmarked for the mutual funds and another 10,001 have been set aside for the bank staffers.

 NMB Capital Limited is the issue manager for this issue.

 The development bank’s paid-up capital will rise to Rs 12.50 crore from the existing Rs 7.50 crore following the IPO.

 The development bank has head office in Nepalgunj (Banke district) and branches in Bardiya and Dang district.

 The company EPS stands at Rs 10.64 and has Rs 1.78 crore in reserve fund as per the last fiscal year 2070/71 financial statement.