Salpa Bikas Bank Limited is scheduled to complete the allocation of its Initial Public Offering (IPO) shares on Poush 25 (B.S.), Friday. According to the issue manager, Muktinath Capital, all pre-allotment procedures required for the IPO allocation have been completed.
Final figures from CDS and Clearing Limited show that a total of 23,83,407 applicants applied for 2,78,84,570 shares, which is 19.37 times the total shares offered. The bank had issued 14,39,179 shares for the general public.
As per the Securities Issuance and Allocation Directive, allocating shares at the minimum 10-share rate means that only 1,43,917 applicants will receive shares. More than 22 lakh applicants are expected to receive nothing due to high oversubscription.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
