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 primary issue of a commercial bank after almost two year.
The capital market regulator has already approved the 27th commercial bank's primary issue that will be closed on May 4, if oversubscribed, according to the bank that will continue its primary issue till May 13, if the shares are not fully subscribed within the five days.
The public can submit the forms at 130 collection counters including 23 branches anywhere in the country.
Citizen Investment Trust (CIT), NMB Capital and Civil Capital have been appointed as the underwriter and issue manager of the primary issue that is the largest public offering by a private commercial bank in the country.
Currently, there are 25 listed commercial banks at the stock exchange as Nepal Bank has been delisted. There are four more commercial banks that will be floating their primary issues according to Nepal Rastra Bank's regulation.
The capital market is going to see primary issue of a commercial bank after almost two year.
The capital market regulator has already approved the 27th commercial bank's primary issue that will be closed on May 4, if oversubscribed, according to the bank that will continue its primary issue till May 13, if the shares are not fully subscribed within the five days.
The public can submit the forms at 130 collection counters including 23 branches anywhere in the country.
Citizen Investment Trust (CIT), NMB Capital and Civil Capital have been appointed as the underwriter and issue manager of the primary issue that is the largest public offering by a private commercial bank in the country.
Currently, there are 25 listed commercial banks at the stock exchange as Nepal Bank has been delisted. There are four more commercial banks that will be floating their primary issues according to Nepal Rastra Bank's regulation.
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