Salapa Bikas Bank Limited IPO Allotment Concludes: Lucky 1,43,917 Applicants Allotted 10 Units Each via Lottery System
Fri, Jan 9, 2026 10:28 AM on IPO/FPO News, IPO/FPO Result News, Highlight News,
Salapa Bikas Bank Limited's IPO allotment was concluded today at the premises of the issue manager, Muktinath Capital Limited, Narayanchaur, Naxal, Kathmandu, Nepal.
The company had issued 1,439,179 units as an Initial Public Offering (IPO) to the general public from (16th Poush, 2082 to 20th Poush, 2082).
The issued capital of the company is Rs. 52.23 Crores. Of this, 33%, i.e., 17,23,880 unit shares, were issued to the public. Of this general public issue, 10%, a total of 1,72,388 unit shares, were already allotted to the Nepalese citizens working abroad. Of the general public issue, 0.50%, i.e., 26,119 units, were set aside for the company's employees, and 5% of the total offered shares, i.e., 86,194 units, were set aside for the mutual funds. The remaining 1,439,179 units were for the general public.
The issue received a total of 22,65,955 valid applications for 25,477,260 units. Meanwhile, 34,597 applications, 4,28,660 units were disqualified.
As per the allotment results, 143,917 applicants were allotted 10 units each, while 9 applicants received an additional 1 unit each, bringing their total allotment to 11 units per applicant.
Allotment Module:
The IPO result can be accessed by CDSC IPO Result, MeroShare, and Muktinath Capital Limited.
Infomerics Credit Rating Nepal Limited has assigned an issuer rating of IRN B (Is) [Single B (Issuer)], indicating a high risk of default in the timely repayment of financial obligations.
Salapa Bikas Bank Limited (SBBL), a “B” Class development bank licensed by Nepal Rastra Bank, is a one-district regional bank based in Khotang with 6 branches and its head office. Incorporated on July 16, 2012, it began commercial operations the same year. Promoted by individuals from diverse backgrounds, the major shareholders as of mid-October 2024 are Mr. Dhan Prasad Rai (0.61%) and Mr. Manindra Rai (0.50%). The bank has a paid-up capital of NPR 350 million, entirely held by its promoters.
