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Showing posts from September, 2020

IPO ISSUE Of General Insurance Company GICNL Issue Published Today | IPO KHABAR

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General Insurance Company Nepal Limited  is issuing 30,00,000 units worth Rs 30 crore as Initial Public Offering to the general public from today (Ashwin 11-14, 2077). The early closing date of this issue is on Asoj 14 and if the issue is not fully subscribed till Asoj 14, then it can be extended up to Asoj 25, 2077. Out of the offered 30,00,000 units; 4% of the total offered shares to the general public i.e. 1,20,000 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 1,50,000 units have been set aside for the mutual funds. The remaining 27,30,000 units are for the general public. NIBL Ace Capital Limited has been appointed as the issue manager for the IPO issuance. Applications can be placed for a minimum of 10 units and a maximum of 10,000 units.  After the issuance of 30,00,000 units worth Rs 30 crore IPO shares the general public i.e 30% of total capital which will together raise its ...

New Biggest ever IPO Issue of NIFRA - Nepal Infrastructure Bank | IPO KHABAR

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Nepal Infrastructure Bank Limited (NIFRA),  is going to issue biggest ever IPO in the market very soon. Being the first Infrastructure Development Bank of the nation, the bank aims to bridge the infrastructure financing gap by raising resources from domestic and international market through innovations like: establishing Equity, Debt, Mezzanine and Sector Fund Structures, Issuing On-shore and Off-shore Bonds and Debenture, etc. NIFRA will be issued Rs 8 arba IPO shares ie 8 crore Units shares. NIFRA has appointed NIBL ACE Capital as issue manager.  Company Background of NIFRA To accelerate the infrastructure development and bridge the financing gap in infrastructure and its allied sectors in Nepal, Nepal Infrastructure Bank Limited (NIFRA) is established by Banks and Financial Institutions (BFIs), Life and Non-life Insurance companies and other private sector leading entities and team of entrepreneurs in joint participation with the Government of Nepal (GoN). The Bank aspires ...