Nepal Infrastructure Bank (NIFRA) IPO Result:
The initial public offering (IPO) of Nepal Infrastructure Bank (NIFRA) has been distributed to the public. The shares were distributed at the office of NIBL ââAce Capital, the bank's share issue and sale manager, at 10 am on Friday.
According to sales manager NIBL ââAce Capital, those who demand up to 50 lots have received as per the demand. Up to 50 lots have been distributed to all the applicants and the remaining 4920,720 shares have been distributed to 492,072 people who have applied for more than 50 lots at the rate of 10 lots.
Accordingly, the applicants have received a maximum of 60 shares. Of those who applied for the IPO, 1,475,080 were eligible and 6,276 were rejected, according to NIBL ââAce Capital.
The bank had issued 80 million ordinary shares equal to Rs 8 billion, which is 40 percent of the issued capital of Rs 20 billion from 2077 Magh 2 to Magh 6. Out of that, 0.20 percent or 160,000 shares were allotted for the employees and 5 percent for the collective investment fund, and the remaining 75.84 million shares were issued to the public.
At present, the paid-up capital of the bank is Rs. 12 billion. The bank's paid-up capital will reach Rs 20 billion after the IPO distribution of Rs 8 billion.
How to Check NIFRA IPO Result:
To view IPO results, go to IPO RESULT under the IPO title on the homepage of Merolagani.com. After that, the result of the IPO can be viewed by selecting Nepal Infrastructure Bank and entering your 16 digits Demat number in the Beneficiary Account Number (BOID) section, and click on SEARCH Botton.
Check Result Here - NIFRA IPO Result
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