KATHMANDU: Janata Bank is floating its 60 million units of ordinary shares worth Rs 600 million — the largest Initial Public Offering (IPO) among private commercial banks — at a face value of Rs 100 per unit to the public from April 29.
The capital market is going to see the primary issue of a commercial bank after almost two years. The capital market regulator has already approved the 27th commercial bank’s IPO which will be closed on May 3, if oversubscribed, according to the bank that will continue its primary issue till May 13, if the shares are not fully subscribed within five days. The public can submit the forms at 130 collection counters including 23 branches. Citizen Investment Trust (CIT), NMB Capital and Civil Capital have been appointed as the underwriter and the issue manager of the primary issue.
Source: the himalayan times
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