Kathmandu. Salpa Bikas Bank is going to issue the first phase of its initial public offering (IPO) from December 10.
The bank is issuing 1,72,388 units of shares at a face value of Rs 100 each out to the general public for the Nepali migrant workers in the first phase. Nepalis working abroad can apply for the IPO till December 29. If there are not enough applications within this period, the IPO issuance can be extended till December 23.
The interested Nepalese can apply for a minimum of 10 units and a maximum of 25,000 units of shares. The interested bidders can bid for the shares from all ASBA member banks and financial institutions approved by the Securities Board of Nepal (SEBON).
In the second phase, the bank has set aside 86,194 units for the mutual funds and 0.50% for the employees of the company and 14,39,119 units for the general public.
