Let’s go to Kathmandu. Salpa Bikas Bank is going to issue ordinary shares (IPO).

The bank is issuing 17,23,880 units of shares worth Rs 17,23,88,000 i.e. 33% of the issued capital of Rs 52.33 crore. The company is going to issue IPO in the first phase from December 25 for Nepalese working abroad.

Out of the 10 percent shares, 1,72,388 units of shares worth Rs 1,72,38,800 will be issued to the Nepalese who are abroad for employment.

The last date to apply for the IPO is December 29. If the application is not received as per the demand within the stipulated period, the application can be submitted till 10th December. Applications can be placed for minimum 10 units and maximum 25,000 units.

Muktinath Capital has been appointed as the issue manager for the IPO issuance. Nepalis who are in foreign employment can apply through the banks and financial institutions that have taken permission from the Securities Board of India and My Shares.