Primary Market is of greater interest where a lot of IPOs are issued and Nepalese investor find primary the best option to begin their investment. Nepal Infrastructure Bank Limited had submitted an application in Security Board Of Nepal(SEBON) to issue IPO for 40% of its issued capital which amounts to 8 crore shares in the IPO worth of 8 Arba. The bank has already appointed CIT(Citizen Investment Trust) as the underwriter and NIBL Ace Capital as the issue manager of the Largest IPO in the history of Nepalese Share Market.
Since, the issue is approved, this will be the biggest IPO in the history of Nepal's capital market. The second AGM of the company had endorsed /approved the issuance of IPO. After the issuance of IPO , the company's paid-up capital will reach Rs. 20 Arba from the existing of Rs. 12 Arba.
Nepal Infrastructure development Bank was established to serve and benefit from its investment in significant infrastructure projects of Nepal like Hydropower projects, road infrastructure, Solar energy, Tunnels, cable car, Amusement Parks, Recreation Centers, Medical College, Hospitals, Special Economic Area, Industrial Infrastructure, Urban Development, Information and Technology, Environment Friendly Projects, Solid Waste Management, Drinking Water and Irrigation etc. However, Nepal Infrastructure Bank's profit 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.
Background of The Company
How Much Shares can you apply?
The Total units of shares to be issued as IPO is 8 Crore. As per the application received for Prabhu Life Insurance Company reached to 10 Lakhs Demat Acount. So, Every one is getting the minimum amount of Shares in IPO apart from that you can still apply for more shares amounting to 100 shares.