Salpa Bikas Bank Limited has successfully completed the allotment of its Initial Public Offering (IPO), which was heavily oversubscribed, leaving most applicants without shares.
Salpa Bikas Bank Limited completed the allotment of its IPO on Poush 25 (Friday). According to issue manager Muktinath Capital, the allotment process was conducted at 9:00 AM. Based on the final data published by CDS and Clearing Limited (CDSC), a total of 23 lakh 83 thousand 407 applicants applied for 2 crore 78 lakh 84 thousand 570 units of shares, which is 19.37 times higher than the total shares issued. The bank had issued 14 lakh 39 thousand 179 units of shares to the general public. As per the Securities Issuance and Allotment Guidelines, shares were allotted on a minimum basis of 10 units per applicant, under which only 1 lakh 43 thousand 917 applicants received shares, while more than 22 lakh 39 thousand applicants were left empty-handed.
Applicants can check their IPO results by entering their DP ID and other required details through Muktinath Capital Limited || MCL, the CDSC IPO Result Portal, or via their Mero Share account.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
