Kathmandu. Salpa Bikas Bank is going to open its IPO to the general public in the second phase from January 30. The bank is issuing its initial public offering (IPO) to the general public after the initial phase of IPO issuance.
In the second phase, the bank will issue 14,39,179 units of shares at a face value of Rs 100. The bank has allotted 86,194 units of 5% to the mutual fund and 0.5% of the total offered shares to the employees of the company.
Applications can be place for minimum 10 units and maximum 25,000 units. The applications can be submitted from ASBA member banks and financial institutions approved by the Securities Board of Nepal (SEBON) and their designated branches.
The IPO of Salapa Bikas Bank will be issued on January 20 at the earliest and on January 13. Muktinath Capital Limited has been appointed as the issue manager for the IPO issuance.
