Kathmandu: Nepal Infrastructure Bank's IPO is set to be distributed on Friday (January 29).

A total of 1.5 million 50 thousand 91 people have applied for the IPO of Nepal Infrastructure Bank so far. Of which, 182.79 million 950 lots have been applied for. A total of Rs 18.27 billion has been applied. It is seen that all the applicants will get about 50 lots of shares.

 The bank has opened 75.84 million IPO lots for the public from Magh 2 to Magh 6. The company has issued 0.20% of the total 80 million shares, i.e. 160,000 shares to the employees and the remaining 4 million shares to the public by allocating 4 million shares to the collective investment fund. NIBL S Capital has acted as the sales manager.