Nepal Infrastructure Bank (NIFRA) IPO
There is good news for all the IPO share investors who are very depressed by not allocating the recent Issued IPO. So chill out people here is one great news for all investors. The biggest number of IPO of the bank is knocking on your door. Nepal Infrastructure Bank Limited (NIFRA) is going to issue the Initial Public Offering in Near Future. This bank is planning to issue 8 Crore Units shares worth Ruppess 8 arba which will be the biggest IPO ever issue in Nepal share market history.
According to the notice regarding the second Annual General Meeting of the bank, there is the special proposal of issuing 8 crore units IPO with the face value of 100 per share. The company has already decided to issue IPO in the first annual general meeting. Among 8 crore units share 0.2% of the total shares allocated to the employee of offices.
About Nepal Infrastructure Bank Limited
Board of Directors
NIFRA Board of Directors are as follows
- Anuj Agrawal Chairman
- Shree Krishna Nepal Director
- Chandra Prasad Dhakal Director
- Lalmani Joshi Director
- Ram Krishna Khatiwads Director
NIFRA IPO Issue Manager
- NIFRA has appointed NIBL ACE Capital as issue manager
About Financial Condiction
- The company has 12 Arba Paid-up capital as. The total paid-up capital will be 20 crore when the total IPO is fully subscribed. In the fiscal year 2076/77, NIFRA earned a net profit of Rs 84.71 crores. [Based on the unaudited report of the FY 2076/77].
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