Salpa Bikas Bank has obtained SEBON approval to issue IPO shares worth Rs. 17.23 crore.
Salpa Bikas Bank Limited has received approval to issue its Initial Public Offering (IPO). On Mangsir 08, the Nepal Securities Board (SEBON) granted permission for the bank to float 17 lakh 23 thousand 880 shares, equivalent to Rs. 17 crore 23 lakh.
The company will issue the IPO at a face value of Rs. 100 per share. Muktinath Capital Limited has been appointed as the issue manager for the offering. Out of the total shares approved, the bank will issue 33% (17 lakh 23 thousand 880 shares) to the general public, while the remaining 67% will be held by the promoter group.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
