Biggest IPO closes with highest volume of applicants

KATHMANDU: Nepal Infrastructure Bank Limited has closed its IPO issue from Tuesday.

NIBL Ace Capital Limited is the issue manager for the IPO issuance and CIT is the underwriter. According to the issue manager in total 15,12,823 applicants have applied for 17,99,31,410 units in the IPO. This is the tentative data so far.

After the IPO issuance, the company’s paid-up capital will reach Rs 20 billion from the existing Rs 12 billion.