Infrastructure Bank’s IPO: 50 lots for everyone

Kathmandu. The primary share of Nepal Infrastructure Development Bank, i.e. IPO, has been distributed. NIBL S Capital, the manager of share issue and sale, said that the shares were distributed at 10 am on Friday.

According to Capit, all those who demanded up to 50 lots have received shares as per the demand. The remaining 49,20,720 shares have been distributed to 4,92,072 people who have applied for more than 50 shares through the round system at the rate of 10 more shares. This means that 4 lakh 92 thousand 72 people have received shares at the rate of 60 lots.

Of those who applied for the IPO, 1,475,080 were eligible and 6,276 were rejected, according to Capital.

The bank had issued IPO to the public for 75.84 million shares from Magh 2 to 6.

The bank’s paid-up capital has reached Rs 20 billion after the IPO allotment.