Salpa Bikas Bank Limited is likely to complete the Initial Public Offering (IPO) allotment for the general public within this week. According to issue manager Muktinath Capital, the pre-allotment process may conclude tomorrow (Wednesday), and if no issues arise, the final allotment is expected on Friday.
The bank had issued 1,439,179 shares for sale starting Poush 16. By the last day of application, 2,383,407 applicants had submitted their applications. According to CDS, the IPO was oversubscribed by 19.37 times.
In total, the applicants applied for 27,884,570 shares, significantly exceeding the number of shares available for allocation. The allotment will be carried out based on the oversubscription rules and regulatory guidelines.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
