NIFRA Bank IPO Has been ISSUED for general public from today - NIFRA BANK Nepal

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Nepal infrastructure bank ltd (NIFRA) has been opened IPO share to general public from today. IPO share will be opened for 4 working days ie; Jan 15, 2021 to Jan 19, 2021.

The IPO will remain open until Magh 6, 2077 BS. If the issue remains undersubscribed until that period, it will extend to Magh 16, 2077 BS.




"Citizen Life Insurance IPO Issue"


The company is planning to sell 8 crores units worth Rs 8 Arba in the IPO. This will be the biggest IPO so far in the Nepalese Share market. Securities Board Of Nepal (SEBON) has provided the approval for IPO issuance on Poush 10, 2077 BS. NIFRA had submitted the application to the Securities Board on Mangsir 8, 2077 BS.


“ HOW TO CHECK IPO RESULT | IPO KHABAR”


The bank was promoted by 41 promoters which include the Government of Nepal with 17% stake, Private sectors (35%), Life Insurance Companies (27%), Nepal Reinsurance Company Limited (4%), and individuals related to leading private business houses of Nepal.

As of 1st quarter of FY 2077/2078, the company reported a total interest income of Rs. 28.95 crores with a net profit of Rs. 18.01 crores. The company reported earnings per share of Rs. 6 and Net worth per share of Rs. 115.12.

“ New Biggest ever IPO Issue of NIFRA - Nepal Infrastructure Bank”


About the Issue:

The company is issuing 8 crore units as IPO to the general public at the par value of Rs. 100 per share to raise a capital worth Rs. 8 Arba.

The company is set to issue a total of 8,00,00,000 units of shares from Magh-02, 2077. A total of 1,60,000 units i.e., 0.20% worth Rs, 1.60 crores is segregated for the employees of the company, and a total of 40,00,000 units shares worth 40.00 crores i.e., 5% of total units is segregated for a mutual fund. The remaining 75,840,000 unit shares are for the general public. 



How to apply IPO Online ( Online Video Tutorial) 

INTRODUCTION of NIFRA Bank Nepal

Nepal Infrastructure Bank Limited (NIFRA) is established as a National Level Infrastructure Development Bank with the focused objective of accelerating the development of infrastructure of the nation. The Bank obtained the operating license from Nepal Rastra Bank (Central Bank) on February 11 2019 (2075/10/28 B.S.) and started its commercial operation from March 6 2019 (2075/11/22 B.S.). 

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. and applying such funds into economically viable infrastructure projects by adopting proven models of infrastructure financing like Public Private Partnership (BOOT/BOT), Viability Gap Funding (VGF), Hybrid Annuity Models (HAM) and Securitizing Assets. 

VISION

To be the nodal financial institution of the nation for infrastructure development.

MISSION

To accelerate investment in infrastructure.

To bridge the financial gap for unlocking development potential.


CONTACT ADDRESS OF NIFRA BANK NEPAL

NEPAL INFRASTRUCTURE BANK LTD.

Krishna Tower, New Baneshwor, Kathmandu


Phone : 01-4780818 / 01-4784002 / 01-4780203 / 01-4780197


Email : info@nifrabank.com

 



 

Location: Nepal

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