Salapa Bikas Bank Limited Issuing IPO Shares to Nepalese Employed Abroad From Mangsir 25
Summary
Salapa Bikas Bank Limited is issuing IPO shares to Nepalese citizens working abroad from Mangsir 25, offering a portion of shares reserved for them until Poush 10 if undersubscribed.
Key Points
- Salapa Bikas Bank Limited is issuing 1,72,388 shares of its IPO to Nepalese citizens working abroad starting from Mangsir 25, 2082.
- The bank's issued capital is Rs. 52.23 Crores, with 33% (17,23,880 shares) offered to the public including employees and mutual funds.
- Muktinath Capital Limited is the issue manager for the IPO.
- Infomerics Credit Rating Nepal Limited assigned the bank an issuer rating of IRN B (Is), indicating high default risk.
