Following the approval, the bank will issue IPO worth Rs 8 billion to the general public.
The bank has appointed NIBL Ace Capital as its issue manager and Citizen Investment Trust as its underwriter.
Nepal Infrastructure Bank is the first infrastructure bank of the country also backed by the government. The issue will be the biggest IPO issue till date of the country.
The bank has authorized capital of Rs 40 billion, issued capital of Rs 20 billion and paid-up capital of Rs 12 billion that will reach Rs 20 billion after the IPO issue.
