Followed by the immense remittance backup, Nepalese are striving for new investment vehicles. Small amout hard earned money in hand, they tend to flood towards IPO application of Nepalese Companies.
Nepali share market just revived from near to crash position the charm of market still seems maintained. It begun to grow up again but in a steady manner this time.
Two commercial banks names Citizens International bank and Bank of Asia issued IPOs recently and oversubscribed 20 and 18 times respectively. Contrast then expected the so called substantial amout IPOs flooded with applications that indicates now capital market is taking good shape in Nepal.
Wednesday, February 18, 2009
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