Waiting for Nepal Infrastructure Bank IPO result? Good News for you. Nepal Infrastructure Bank has scheduled IPO to be an allotment on Friday (January 29). Bank’s IPO is going to be allotted within this week. The bank’s IPO has received 1.47 million eligible applications. All the applicants will get minimum 50 kitta of shares as the shares have been issued in large volume.
All those who demand up to 50 kitta will get it as per the demand. Additional shares will be allotted to those who apply for more than 50 kittas. The lucky applicant gets a maximum of 60 shares in this IPO. This was the biggest IPO ever opened for the general public in Nepal. Company to issue 80 million IPO shares to the public from January 15 (Magh 2).
Soon after the IPO allotment, applicants can check Nepal Infrastructure Bank IPO result on this page.
The bank has issues 80 million IPOs worth Rs 8 billion. General Public can apply for IPO from January 15. The Citizens Investment Fund will act as the guarantor in the IPO to be issued by the bank while NIBL S Capital Limited is the manager of the issue and sale.
The Government of Nepal has also invested in Nepal Infrastructure Bank. It is the first infrastructure development bank in Nepal. The bank’s IPO issuance will be the largest so far. The bank has an authorized capital of Rs 40 billion, issued capital of Rs 20 billion and paid-up capital of Rs 12 billion.
The bank has a registered office in New Baneshwor, Kathmandu. On 28th March, 2075, approval was received from Nepal Rastra Bank to act as a national level infrastructure development bank. The bank had started its banking operations on 22 Magh 2075.
The bank has been established with the objective of investing in infrastructure projects including hydropower, solar energy, hotels, resorts, fun parks, cable cars, education and health. The bank will collect long-term investment from within the country and abroad. The goal is to invest these resources in major development projects.