80 million IPO lots worth Rs 8 billion of Nepal Infrastructure Bank are being distributed

IPO result
The distribution of IPO of Nepal Infrastructure Bank (NIFRA) is taking place today, Friday. NIBL S Capital, the manager of share issue and sale, said that the IPO distribution will be done at its office from 10 am.The pre-allotment of the bank’s IPO was done on Wednesday. The lucky 492,000 will get 60 lots of shares. Of the IPO applications, a total of 1.47 million applications have been duly received and 6,276 applications have been rejected.
Investors who have applied for more than 10 lots and those who have applied up to 50 lots will get as many shares as they demand. Applicants who demand 60 lots or more will get 10 more lots through round robin.Capital has stated that 492,020 shares will be distributed through round robin. A total of 1.194 million applicants will be included in the round, while only the lucky 492,000 will get a maximum of 60 shares by adding 10 more shares to the bank. The bank had issued 80 million shares at the rate of Rs 100 per share, ie a total of Rs 8 billion, from January 2 to January 20.

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