Salpa Development Bank Limited will open its Initial Public Offering (IPO) to the general public starting Poush 16. The bank plans to issue 1,439,179 shares under this IPO.
Applications can be submitted until Poush 20. Investors can apply for a minimum of 10 shares and a maximum of 25,000 shares. Muktinath Capital Limited has been appointed as the IPO issue and sales manager.
The bank had previously allocated IPO shares for Nepalese working abroad.
The Securities Board of Nepal granted approval for the IPO on Mangsir 8, allowing the bank to issue shares worth NPR 172,388,000, equivalent to 1,723,880 shares. Salpa Development Bank had applied to the Securities Board of Nepal for IPO approval on Baisakh 23.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
