IPO Proposal of Salapa Bikas Bank Approved by SEBON

The Securities Board of Nepal (SEBON) has granted the Initial Public Offering (IPO) proposal of Salapa Bikas Bank Limited (SBBL).The approval was issued on 25th kartik, 2082.

According to the approved proposal, the company will issue a total of 1,723,880 shares to the general public. The shares will be offered at a par value of Rs. 100 per unit.

Muktinath Capital Limited has been appointed the issue manager for the public offering.

Infomerics Credit Rating Nepal Limited has assigned a rating of IRN B (Is) [Single B (Issuer)], indicating a high risk of default in the timely servicing of financial obligations.