IPO Shares of Salapa Bikas Bank Now Listed on NEPSE; What are the Opening Ranges?

52,23,880 units IPO shares of Salapa Bikas Bank Limited (SABBL) have been listed on NEPSE. This includes the shares held by promoters and the quantity issued to the general public.

The opening range for the first transaction is Rs. 100 to Rs.300. If the company signs an agreement with NEPSE, the IPO shares will be traded in the secondary market from Falgun 04, 2082.

Out of a total of 52,23,880 unit shares, 14,39,179 units of IPO shares with a par value of Rs 100 were issued to the general public from 16th Poush, 2082 to 20th Poush, 2082.

Along with the listing, NEPSE has revised the rule regarding the opening price range during the first trading day. Previously, the opening price range was determined at up to three times the company’s net worth. But now, NEPSE has revised this provision, setting the opening range at up to three times the face value instead.

• If the net worth is positive, the opening range will be up to three times the face value.

• If the net worth is negative, the opening range will be up to three times the net worth

Note: the listed shares will be traded under the symbol 'SABBL'.