The development bank has appointed Citizen Investment Trust and Civil Capital Market as its issue managers.
Altogether 3,080 units have been set aside for the bank’s staff and the remaining 1,50,920 units to the general public.
The IPO closes on November 26 or could be extended till December 5.
The applicants must apply for at least 20 units and up to 5,000 units.
According to the unaudited fourth quarterly report of the development bank based in Sindhuli, it posted a net profit of Rs 15.15 lakh.
Its paid-up capital stands at Rs 2.86 crore and the reserve at Rs 52.35 lakh.
It mobilized Rs 23.37 crore in deposit and Rs 19.01 crore in loan in the previous quarter.
Its NPL stands at 3.49 percent though its per share net worth stands at Rs 118.17.
After the issuance of the IPO, the development bank’s paid-up capital will rise to Rs 4.4 crore.
-sharesansar
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