Shares of Nepal Infrastructure Bank came into the demat account, trading in the secondary market from next week

Kathmandu: Shares of Nepal Infrastructure Bank have been transferred to demat account.

Due to being the largest IPO, it took some time but finally it came to everyone's account. Shares of the company will be traded in the secondary market from next week.

Kathmandu: Shares of Nepal Infrastructure Bank have been transferred to demat account.

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. 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.Of the 1.529 million 460 applications in the bank's IPO, 18.12 million 86 thousand 720 lots worth Rs 18.12 billion have been received. This is 2.39 times more than the 75.84 million lots issued by the general public. As the bank has issued a large number of shares, it is certain that everyone who applies for an IPO will get about 50 shares.  At present, the paid up capital of the bank is Rs. 12 billion. After the IPO distribution of Rs. 8 billion, the paid up capital of the bank will reach Rs. 20 billion.