Biggest IPO Ever Closes With Record Volume of Applicants; What’s the Final Count?

Nepal Infrastructure Bank Limited has closed its IPO issue. With this, the biggest IPO issue in NEPSE’s history has successfully concluded. This issue was opened on Magh 2.

Out of the offered 8,00,00,000 units; 0.20% of the total offered shares were set aside for the employees of the company and 5% for mutual funds. The remaining 7,58,40,000 units were for the general public.

NIBL Ace Capital Limited is the issue manager for the IPO issuance and CIT is the underwriter. According to the issue manager in total 15,29,460 applicants have applied for 18,12,86,760 units in the IPO. This is the tentative data so far.

After the IPO issuance, the company’s paid-up capital will reach Rs. 20 Arba from the existing Rs. 12 Arba.

The company was established to serve and benefit from investment in significant infrastructure projects like Hydropower projects, road infrastructures, etc. However, Nepal Infrastructure Bank’s profit declined by 12.43% to Rs 18.01 crore in the first quarter of the fiscal year 2077/78. Its annualized earning per share stands at Rs 6, and net worth per share stands at Rs 115.