NIBL Ace Capital limited has been appointed as the Securities Issuer and Sales Manager for the issuance of IPO by Nepal Infrastructure Bank Limited which is the first and only infra sector bank in Nepal to issue such a massive volume of shares. The infra sector company will be issuing 8 crore unit shares at Rs 100 Par Value worth Rs 8 arba to the general public.
The agreement for the same was signed between DY General Manager-Operations of the bank Mr. Binaya Nath Neupane and DY CEO of the NIBL Ace Capital Limited Mr. Mekh Bahadur Thapa amid a program.
The bank has a paid up capital of Rs 12 arba and the adjusted paid up capital will reach Rs 20 arba after floating the IPO shares. The infra bank established with the purpose of investing only in infrastructure development projects by collecting long-term resources in and out of the country, the bank plans to invest in suitable projects in the infrastructure sector including Hydropower, Solar Energy, Hotel, Resort, Fun-park, Cable car, Education and Health.