KATHMANDU: Nepal Infrastructure Bank (NIFRA) Ltd is issuing initial public offerings (IPO) for people in general from today (Friday).
According to the NIFRA, it will issue 80 million units of shares worth Rs 8 billion. This is the biggest IPO ever issued in the Nepali market of the Securities Board of Nepal.
Of the total IPO, 0.20 percent or 160,000 units of share will be allocated for company staffers, 5 percent or 4 million units of shares for collective mutual fund while 75.840 million units of shares will be allotted for general public.
Willing applicants can apply for the IPO by January 19. The deadline for the application will be extended until January 29 if the company did not receive the required number of applications.
The bank, currently, has 12 billion in paid-up capital. With the issuance of IPO worth Rs 8 billion, its paid-up capital will reach 20 billion.
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