Salapa Bikas Bank Limited Closing 1,72,388 Units IPO Shares to Foreign Nepalese Immigrants From Today
Summary
Salapa Bikas Bank Limited is closing the issue of its IPO shares reserved for foreign Nepalese immigrants today, with the bank having a concentrated regional presence and a recent oversubscription of its shares.
Key Points
- Salapa Bikas Bank Limited is closing the IPO share issuance for foreign Nepalese immigrants today, corresponding to 1,72,388 units.
- The total issued capital of the bank is Rs. 52.23 Crores, with 33% shares issued to the public, including a reserved portion for foreign Nepalese workers.
- The IPO for foreign Nepalese immigrants has been oversubscribed by 7.14 times, with 69,891 applicants applying for 12,31,930 units.
- Muktinath Capital Limited is the issue manager and Infomerics Credit Rating assigned a Single B rating indicating high risk of default.
