First Business News Portal in English from Nepal
KATHMANDU: The Nepal Infrastructure Bank is issuing 80 million units of share worth Rs 8 billion from January 15.
Initially, public can apply for shares of the bank till January 19. However, the subscription period will be extended till January 29 if its shares are not fully subscribed within January 19.
NIBL Ace Capital Limited is the issue manager for the IPO issuance.
The bank has a paid up capital of Rs 12 arba and the adjusted paid up capital will reach Rs 20 arba after floating the IPO shares.
The infra bank established with the purpose of investing only in infrastructure development projects by collecting long-term resources in and out of the country, the bank plans to invest in suitable projects in the infrastructure sector including Hydropower, Solar Energy, Hotel, Resort, Fun-park, Cable car, Education and Health.
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