Clean Energy Development Bank has received applications for shares worth over Rs 3 billion during its Initial Public Offering (IPO). The development bank made the IPO last Thursday with a target to raise Rs 96 million, which ended today. "Total share applications amounted to Rs 1.85 billion till yesterday. We estimate the overall demand is in the range of Rs 3-4 billion," said Upendra Poudel, chief executive officer of NMB Bank, the issue manager. "We will be able to calculate the exact amount by Wednesday." The bank has set up 78 counters across the country to collect share applications.
Source: eKantipur
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Wednesday, June 25, 2008
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