KATHMANDU: Chief Executive Officer (CEO) of Nepal Stock Exchange (Nepase) and NIFRA CEO Ram Krishna Khatiwada have signed an agreement letter following the perusal of the documents.
The NIFRA had submitted all its required documents for the registration proces with the Nepse.
With the agreement, the NIFRA shares will come into transaction for secondary market from coming Sunday.
The NIFRA had issued 80 million units of shares worth Rs 8 billion on January 15-19. This is the biggest IPO ever issued in the Nepali Securities market.
Of the total IPO, 0.20 percent or 160,000 units of share have been allocated for company staffers, 5 percent or 4 million units of shares for collective mutual fund while 75.840 million units of shares have been allotted for general public.
With the issuance of IPO worth Rs 8 billion, its paid-up capital has reached 20 billion. NIFRA has appointed Global IME Capital as its share registrar.
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