Salapa Bikas Bank has completed the allotment of its IPO issued to Nepalis working abroad, with 17,238 applicants receiving shares through a lottery system.
Salapa Bikas Bank has completed the allotment of its IPO issued to Nepalis working abroad, according to the issue manager Muktinath Capital, who confirmed that shares were allotted earlier today. In the first phase, the bank had issued 172,388 shares for Nepalis working overseas from Mangsir 25 to Mangsir 29. A total of 67,655 applications were received, of which 67,637 were deemed eligible.
Due to oversubscription, the shares were allotted through a lottery system. As a result, only 17,238 applicants received shares. Among them, 8 applicants received 11 shares each, while the remaining received 10 shares each. The official IPO results will be published shortly.
The Nepal Securities Board (SEBON) had granted approval for the IPO issuance on Mangsir 8. The company was authorized to issue 17,23,880 shares worth Rs 17 crore 23 lakh 88 thousand. Salapa Bikas Bank had applied for IPO issuance approval to SEBON on Baisakh 23, 2025.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
