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The largest ever primary share (IPO) sale has opened in the Nepali stock market. Nepal Infrastructure Bank (NIFRA) has opened an IPO sale worth Rs 8 billion since Friday.

The bank has issued 80 million ordinary shares equal to Rs 8 billion, which is 40 percent of the issued capital of Rs 20 billion. Out of that, 0.20 percent or 160,000 shares have been allocated for employees and 4 percent shares for 5 percent have been allocated for collective investment funds. General investors will be able to apply for the remaining 75.84 million lots.

God who smiles for his children even though the mother is in pain!

Applications for the bank’s IPO can be submitted as soon as possible till January 20. If the application is not completed within that period, the eviction period will be extended till January 30.

Applications can be submitted for a minimum of 10 lots and a maximum of 20 million lots in the bank’s IPO. There is an arrangement to apply for the IPO of the company through ASHA member banks and financial institutions licensed by the Nepal Securities Board and also through the web and app of Meroshera.

As the bank has issued a large number of shares, it is certain that all those who apply for IPO will get shares.

Recently, the number of IPO applicants has exceeded 1.5 million. The number of people opening demat accounts is also increasing rapidly. Accordingly, it can be easily estimated that the number of applicants for the bank’s IPO will reach 1.5 million.

Accordingly, even if all the applicants are distributed proportionally, there will be a minimum of 50 shares. However, not all applicants may apply for 50 lots. Therefore, it seems appropriate to apply for a minimum of 50 to 70 lots.

ICRA Nepal has given the bank an ‘ICRP IR Triple B’ rating. This indicates that the company’s financial position is moderate, it is moderately secure in terms of timely fulfillment of financial obligations and has moderate credit risk.

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.

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Applications for the bank’s IPO can be submitted as soon as possible till January 20. If the application is not completed within that period, the eviction period will be extended till January 30.

Applications can be submitted for a minimum of 10 lots and a maximum of 20 million lots in the bank’s IPO. There is an arrangement to apply for the IPO of the company through ASHA member banks and financial institutions licensed by the Nepal Securities Board and also through the web and app of Meroshera.

As the bank has issued a large number of shares, it is certain that all those who apply for IPO will get shares.

Recently, the number of IPO applicants has exceeded 1.5 million. The number of people opening demat accounts is also increasing rapidly. Accordingly, it can be easily estimated that the number of applicants for the bank’s IPO will reach 1.5 million.

Accordingly, even if all the applicants are distributed proportionally, there will be a minimum of 50 shares. However, not all applicants may apply for 50 lots. Therefore, it seems appropriate to apply for a minimum of 50 to 70 lots.

ICRA Nepal has given the bank an ‘ICRP IR Triple B’ rating. This indicates that the company’s financial position is moderate, it is moderately secure in terms of timely fulfillment of financial obligations and has moderate credit risk.

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.

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