Kathmandu. As of Sunday, 856,000 people have applied for more than Rs 10 billion for the IPO purchase of Nepal Infrastructure Bank Limited. According to the information provided by CDS and Clearing Limited, 105.8679670 lots have been demanded from these applicants till 6 pm.

The company has issued 75.84 million shares out of 80 million shares worth Rs 8 billion since January 15. The company has allotted 4 million shares at the rate of 5 percent for the collective investment fund and 160,000 shares at the rate of 0.2 percent for the employees of the company. The company's IPO has been given a "ICRP IR Triple B" rating by ICRA Nepal indicating that the financial condition of the bank is moderate.

The bank, which has a maximum capital of Rs 40 billion and an issued capital of Rs 20 billion, currently has a paid-up capital of Rs 12 billion.