Salpa Bikas Bank Limited’s initial public offering (IPO) for the general public is set to close today, Poush 20. The bank had issued a total of 14,39,179 shares starting from Poush 16. Applicants were allowed to apply for a minimum of 10 shares and a maximum of 25,000 shares each. The IPO’s issue manager is Muktinath Capital Limited.
Prior to this public offering, the bank had already conducted a separate IPO allotment for Nepalis working abroad. The Securities Board of Nepal (SEBON) had granted approval for the IPO on Mangsir 8, permitting the bank to issue shares worth Rs. 17.23 crore, totaling 17,23,880 shares. The bank had submitted its IPO approval application to the board on Baisakh 23.
As per CDSC data, by Saturday evening, 19,62,069 applicants had submitted applications for the IPO. These applications were made for a total of 2,30,80,430 shares worth Rs. 230.80 crore. This indicates that the IPO was oversubscribed by 16.03 times compared to the number of shares issued to the public.
The strong response highlights the high demand for Salpa Bikas Bank’s shares among the general public.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
