KATHMANDU, Jan 9: The initial public offering (IPO) of Salapa Bikas Bank has been allocated, leaving the majority of applicants without shares due to overwhelming demand.
The bank and its IPO manager distributed shares on Friday. Out of 2.12 million applicants, only 143,917 investors received shares at the standard allotment of 10 shares per applicant.
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Salapa Bikas Bank issued 14.39 million shares worth Rs 1.439 billion, while applicants requested a total of 259.34 million shares. Among these, 22.65 million applications were accepted for processing, according to the IPO manager.
Investors can check their allotment results on the Meroshare (CDSC) website or the IPO manager’s website.
