It informed that once the board approves the report, it can allot the IPO on Friday.
Nepal Infrastructure Bank issued IPO from January 15-19. The bank is issuing 80 million units of primary shares worth Rs 8 billion to the general public.
Out of the offered shares, the company allocated 0.20 percent i.e. 160,000 units to employees, 5 percent i.e. 4 million units to mutual funds. The general public could apply for the remaining 75,840,000 units of shares.
As the volume of IPO is big, all rightful applicants will be provided at least 50 units of shares. The remaining shares will be distributed through a lottery which means few applicants will be provided a maximum of 60 units of shares.
The bank has authorized capital of Rs 40 billion, issued capital of Rs 20 billion and paid-up capital of Rs 12 billion. After the IPO, the paid-up capital of the company will reach Rs 20 billion.
