Salpa Bikas Bank has opened the issuance and sale of its IPO for the general public from today, Poush 16.
The bank has issued the IPO for the general public after completing the first phase of share sales for Nepalis working abroad.
For the general public, the bank has issued a total of 1,439,179 shares at a face value of NPR 100 per share. Out of the total issue, 5 percent, equivalent to 86,194 shares, have been reserved for mutual funds, and 0.5 percent, equivalent to 26,119 shares, have been set aside for employees.
General investors can apply for a minimum of 10 shares and a maximum of 25,000 shares. Applications can be submitted through ASBA member banks and financial institutions approved by the Securities Board of Nepal and their designated branches, as well as through CDSC’s Mero Share system.
The IPO issuance will close as early as Poush 20 and no later than Poush 30.
Muktinath Capital has been appointed as the issue and sales manager for the bank’s IPO.
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