NIFRA's IPO
NIFRA is the only infrastructure bank in Nepal which's quite nascent to the banking fraternity.
It is on its way to release IPO on,
IPO's release date: 2077/10/02
IPO's closure date: 2077/10/06 (after banking hour)
In case the IPO is not issued wholly then IPO's closure date would be on 2077/10/16.
NIFRA is going to release 80 million shares as for the ordinary shares.
The O/S shares allotment would be in following manner:
▪ 160,000 shares for employees under NIFRA.
▪ 4000000 shares for Joint Investment Trust.
▪ 75840000 as an ordinary shares to be issued.
☆ About NIFRA
Authorized Capital: Nrs. 40 Arab ( each share having FV of Rs. 100).
Issued Capital: Nrs. 20 Arab. Out of 20 Arab of 20 crore shares 12 crore shares have been alloted to institutional shareholders and the remaining 8 crore shares are leftover and to be issued and paid fully to ordinary shareholders.
□ Fundamental Analysis - brief (Why to invest ?)
Per share net worth - on FY 2077/78 it was Rs. 117.69 which was 113.62 in the FY 2076/77.
Earning Per Share - 5.58 (FY 2077/78) and projected to increase to 7.67 on FY 2078/79.
The bonus share of 8% is projected as the company's share capital is projected to increase by 8% in the FY 2078/79 and so on (contingencies applied).
□ Technical Analysis - This would be done in detail in upcoming blogs with clear explaination in reference to more than 120+ indicators.
■ Where NIFRA will invest?
- Nrs 4 Arab 32 Crore on Loan and Borrowings.
- Nrs 3 Arab 68 Crore on thr other investments.
● Ratings
ICRA Nepal has granted a "BBB" rating to this IPO which means, this is less risky and is fruitful in terms of investment criteria.
● Application
One can minimum apply 10 shares (FV = Rs.100)
Maximum cut off 2 crore shares, but as we all know if one applies for shares more than Nrs. 500000 then one must submit the PAN details.
Hence, this is just a brief information.
Thank you.
Aditya Raz Pokhrel.
MBA, MA Economics, MPA.
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