Salpa Bikas Bank Limited’s Initial Public Offering (IPO) is set for allotment on Poush 25, Friday, with the process beginning at 9:00 AM, according to the issue manager, Muktinath Capital. The IPO saw overwhelming interest from investors, with CDS and Clearing Limited reporting 2,383,407 applicants who applied for a total of 27,884,570 shares, representing 19.37 times demand compared to the shares issued.
The bank had allocated 1,439,179 shares for the general public. As per the Securities Issuance and Allotment Directives, shares are being distributed in minimum lots of 10, meaning that only 143,917 applicants will receive shares at the minimum lot rate. Consequently, the remaining 2.23 million plus applicants are expected to receive no shares due to the high oversubscription.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team
