Aug 31, 2017: CBIL Capital is set to become the first merchant bank to issue initial public offering to the general public. The capital is planning to double its paid-up capital through IPO issuance.
An annual general meeting (AGM) of the company held on August 30 endorsed a proposal of issuing IPO worth Rs 40 million.
CBIL Capital, a subsidiary company of Citizens Bank is located at Batule Ghar, Dilli Bazaar. The company provides services of issue management, share registration, investment management and securities underwriting. It also provides various services to general investors.