If you’re hunting for the latest IPO in Nepal on the Nepal Stock Exchange or NEPSE share market, check this out. Salapa Bikas Bank Limited, a popular development bank in the banking sector, is issuing shares to the public right now!
The bank is floating a total of 17,23,880 unit shares at Rs 100 each (par value). This big public IPO is worth Rs 17.23 crores – great opportunity for share investment in Nepal!
In the first phase, Salapa Bikas Bank sold 1,72,388 shares (10% of general public quota) to Nepalese working abroad. It opened on Mangsir 25, 2082 BS and due to huge demand (oversubscription), it closed early on Mangsir 29, 2082 BS.
For foreign employed Nepalis, you could apply minimum 10 units and maximum 25,000 units. Apply through ASBA or C-ASBA for easy process.
Now, the second phase for general public IPO is coming soon! It will include shares for company employees and mutual funds too. Stay ready to fill your Demat account with SALAPA shares.
SEBON (Securities Board of Nepal) approved this IPO on Mangsir 8, 2082 BS. The bank applied on Ashad 31, 2082 BS. Muktinath Capital Limited is the issue manager for this NEPSE IPO.
Salapa Bikas Bank is a ‘B’ class development bank licensed by Nepal Rastra Bank. It’s a regional bank based in Khotang district – perfect for investors liking development banks in NEPSE.
This bank IPO is exciting for NEPSE traders and long-term shareholders. Once listed, watch the SALAPA share price on NEPSE!
Are you applying for this Salapa Bikas Bank IPO? Comment below and share tips!
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