Oversubscribed Infrastructure Bank's IPO, 1.53 million Applied

Jan Tue 2021 06:22:18

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Oversubscribed Infrastructure Bank's IPO, 1.53 million Applied

Kathmandu. 1.53 million 755 people have applied for the IPO of Nepal Infrastructure Bank Limited. According to the information provided by CDS and Clearing House, the same number of applicants have applied for an IPO of Rs 18.17 billion. Applications have been received from 1.533 million applicants for the purchase of 18.17 billion shares. 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. With a maximum capital of Rs 40 billion and issued capital of Rs 20 billion, the bank's current paid-up capital is Rs 12 billion.