Nepal Infrastructure Bank distributes IPO; 6,276 applications cancelled

Published On: January 29, 2021 12:49 PM NPT By: Republica | @RepublicaNepal

KATHMANDU, Jan 29: Nepal Infrastructure Bank has distributed its Initial Public Offering (IPO) to the public today.

The bank had issued as many as 80,000,000 units of IPO worth Rs 8 Billion which was the largest IPO issued in the Nepali market ever.

All applicants have got a minimum of 50 shares each.

The bank had received as many as 147,580 applications for IPO excluding 6,276 invalid applications.

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