The IPO of Nepal Infrastructure Bank will be distributed this week. Sales manager NIBL S Capital said the bank’s IPO would be allotted by next Friday. However, if the distribution is completed by Friday, it is prepared to be distributed on Saturday.
In the IPO, which has been issued in the largest amount in the history of the Nepali stock market, 529,460 applicants have applied for 181,286,720 lots worth Rs 18.12 billion.Based on the application, it is seen that those who have duly applied will get 50 shares on an average. The bank had issued 80 million shares worth Rs 8 billion.