Sangrila Development Bank to issue IPO soon
Sun, Apr 10, 2011 12:00 AM on IPO/FPO News, Others,
POKHARA, April 10:
Securities Board of Nepal (SEBON) hasgiven a nod to the Sangrila Development Bank to issue initial public offering (IPO).
A total of 960,000 shares amounting Rs. 96 million will being issued soon, said the bank. The bank has appointed Ace Capital Ltd as the sales manager for this purpose.
At present, bank's paid up capital is Rs 224 million and it will reach Rs. 320 million once the IPO issuance, said bank's CEO Hari Prasad Gurung.
The regional level bank has a total of one dozen branches and has opened ATM outlets in different parts of the country.
Source: THT
Securities Board of Nepal (SEBON) hasgiven a nod to the Sangrila Development Bank to issue initial public offering (IPO).
A total of 960,000 shares amounting Rs. 96 million will being issued soon, said the bank. The bank has appointed Ace Capital Ltd as the sales manager for this purpose.
At present, bank's paid up capital is Rs 224 million and it will reach Rs. 320 million once the IPO issuance, said bank's CEO Hari Prasad Gurung.
The regional level bank has a total of one dozen branches and has opened ATM outlets in different parts of the country.
Source: THT
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