KATHMANDU, Dec 11: Salapa Bikash Bank has opened applications for its IPO. The company has opened the first phase of applications from Thursday for Nepalis currently working abroad.
The bank has allocated 1,72,388 shares worth Rs 17,238,800 for Nepalis in foreign employment.
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Applications for the IPO can be submitted until December 15 for a minimum of 10 and a maximum of 25,000 shares.
Salpa Bikash Bank has received approval from SEBON to issue shares worth Rs 17,23,88,000, which is 33 percent of its paid-up capital.
The bank’s current paid-up capital stands at Rs 522.3 million. Muktinath Capital is the issue and sales manager for the IPO.
