Salpa Bikas Bank has opened its IPO issuance for Nepalis working abroad, offering 1,72,388 shares with applications open until Mangsir 29.
Salpa Bikas Bank has opened its initial public offering (IPO) from Mangsir 25, targeting Nepalis currently working abroad with valid labor approval. In this first phase, the bank has issued 1 lakh 72 thousand 388 shares exclusively for the foreign employment category.
Eligible applicants in the foreign employment group can apply until Mangsir 29. As per the application guidelines, investors may apply for a minimum of 10 shares and up to a maximum of 25,000 shares. Muktinath Capital Limited is serving as the issue manager for this IPO.
After completing the allotment process for the foreign employment category, the bank will proceed with the public issuance for the general investor group.
The Nepal Securities Board had granted approval for the IPO issuance on Mangsir 8. Under this approval, the bank will issue a total of 17 lakh 23 thousand 880 shares, amounting to रु 17 crore 23 lakh 88 thousand. The bank had submitted its application to SEBON on Baisakh 23 seeking permission for the issuance.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
