The NIFRA IPO allotment is likely to be held on 29th of January Friday. The pre allotment of Nepal Infrastructure Bank Limited (NIFRA) has been completed.
According to the issue manager NIBL Ace Capital, the pre-allotment work has been completed on Wednesday and submitted to SEBON. After the approval from the board, the shares will be allotted at 10 AM on Friday.
The bank had issued 80 million ordinary shares to become the largest IPO ever in Nepal. Out of this, 0.2% were reserved for the employees and 5% for mutual funds.
The IPO received 14 lakh 75 thousands 80 eligible applications. All investors who have applied for the IPO will get shares. Minimum of 50 shares will be allotted to the investors while few lucky ones will get extra 10 units too.