The IPO allotment of Nepal Infrastructure Bank Limited has concluded last week. Nepal Infrastructure Bank Limited had issued 8,00,00,000 units worth Rs 8 Arba as Initial Public Offering to the general public from Magh 2-6, 2077.
Out of the offered 8,00,00,000 units; 0.20% of the total offered shares to the general public i.e. 1,60,000 units 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. The issue had received applications from 14,75,008 valid applicants who had applied for a total of 16,72,10,000 units. The issue was oversubscribed more than 2.21 times.
Global IME Capital has informed that the shares of NIFRA have been registered in NEPSE today. Thus, investors can expect the shares to be listed on the stock exchange next week.