KATHMANDU: Jan 10
The Initial Public Offering of Century Commercial Bank opened yesterday a midst encouraging response from the public.
The 31st commercial bank in Nepal is offering 9.2 million units of ordinary shares worth Rs 920 million for the public starting January 9 at a face value of Rs 100 per unit. The issue will close on January 13 at the soonest, or on January 23 if there is
under subscription. An investor can apply for a minimum of 50 unit shares and a maximum of one million units.The Initial Public Offering of Century Commercial Bank opened yesterday a midst encouraging response from the public.
The 31st commercial bank in Nepal is offering 9.2 million units of ordinary shares worth Rs 920 million for the public starting January 9 at a face value of Rs 100 per unit. The issue will close on January 13 at the soonest, or on January 23 if there is
“The reception from the public has been encouraging as it has already neared the Rs 1 Arba mark in major places,” pointed out an official at Citizen Investment Trust — issue manager for the bank. “However, we still have to compile exact data of the applications received by all collection counters,” he added.
This will be the last public offering by any commercial bank for a long time. The credit rating agency — Icra Nepal — has assigned an ‘[ICRANP] IPO Grade 4+’ to the banks’s IPO.
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