KATHMANDU: Nepal Infrastructure Bank (NIFRA) has distributed initial public offerings (IPO) on Friday.
Lazimpat-based NIBL Ace Capital, the issue manager, of the bank, distributed the IPO at 10 am today.
All the applicants who applied for 10 to 50 units of IPO have got shares as per their demand, for which a total of 11,219,080 units of shares have been distributed.
The applicant has received a maximum 60 units of shares, according to the issue manager.
Similarly, those who applied for 60 to 200,000 units of shares have received 50 units of shares and 59,700,200 units of shares have been distributed, accordingly.
The remaining 4,920,720 units of shares have been distributed among 492,072 applicants who applied for 60 to 200,000 with additional 10 units each on an equal footing.
A total of 1,481,284 people had applied for the IPO of Nepal Infrastructure Bank. Of them, 6,276 applications had been cancelled. NIFRA had issued IPO on January 15 to 21.
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