Kathmandu. December 29 is the last day for Nepali migrant workers to apply for the IPO of Salpa Development Bank.
The bank had issued 1,72,388 units of shares at a face value of Rs 100 each to the general public from December 10, 2018. Applications for the IPO can be made up to banking today.
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.
