The initial public offering (IPO) of Nepal Infrastructure Bank has been distributed to the public. The shares were distributed at 10 am on Friday at the office of NIBL Ace Capital, the bank’s share issue and sale manager. According to the sales manager NIBL Ace Capital, those who demand up to 50 units have got it as per the demand. Up to 50 lots have been distributed to all the applicants and the remaining 4920,720 lots have been distributed to 492,072 people who have applied for more than 50 units at the rate of 100.
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Accordingly, a maximum of 60 units, applicants have received shares. Of those who applied for the IPO, 1,475,080 were eligible and 6,276 applications were rejected, according to Capital.The bank had issued 80 million ordinary shares equal to Rs 8 billion, which is 40 percent of the issued capital of Rs 20 billion from January 2 to January 20. Out of that, 0.20 percent or 160,000 shares were allotted for the employees and 5 percent for the collective investment fund and the remaining 75.84 million shares were issued to the public.
At present, the paid up capital of the bank is Rs. 12 billion. The bank’s paid-up capital will reach Rs 20 billion after the IPO distribution of Rs 8 billion.
Infrastructure Bank’s IPO allotment, around 500,000 got 60 units | merolagani result | nifra ipo result