Araniko Development Bank's IPO Soon

Araniko Development Bank Ltd which has its head office at Dhulikhel is to issue ordinary share of 9,80,000 units to public at the face value of Rs 100. The company has appointed Growmore Merchant Banker as the issue and sales manager. The issue agreement has been signed by the executive director of the bank,
Narayan Kapoor Pathak, and the general manager of Growmore, Kabindra Dhoj Joshi, on Wednesday.

The bank which has current paid up capital at Rs. 100.20 million will have Rs. 200 million after the primary issue. "The process to pubic offering will be completed within this month and IPO will be issued to pubic from the month of Poush" said Joshi.
Source:Nepalsharemarket