Nepal Infrastructure Bank (NIFRA)’s IPO Now Oversubscribed; How Many Applicants Till Now?

The IPO of Nepal Infrastructure Bank Limited has opened from Magh 02.

The company has issued 8,00,00,000 unit shares worth Rs 8 Arba as Initial Public Offering to the general public, making it the biggest IPO in the history of NEPSE.

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 have been set aside for the employees of the company and 5% for the mutual funds. The remaining 7,58,40,000 units are for the general public.

NIBL Ace Capital Limited has been appointed as the issue manager for the IPO issuance. According to CDSC, 6,49,647 applicants have applied for a total of 8,07,44,670 units. This is the collection data as of 10 am today (Magh 04). The issue is thus oversubscribed in terms of the number of units applied. The early closing date of this issue is on Magh 6.

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 has 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.