Salapa Bikas Bank Limited Concludes IPO Allotment for Nepalese Citizens Working Abroad; 17,238 Applicants Receive 10 Units, 8 Get One Unit Each via Lottery
Fri, Dec 19, 2025 10:42 AM on IPO/FPO News, IPO/FPO Result News, Highlight News,
The IPO allotment for Nepalese citizens working abroad by Salapa Bikas Bank Limited was concluded today, 4th Poush, 2082.
The issued capital of the company is Rs. 52.23 Crores. Of this, 33%, i.e., 17,23,880 unit shares, will be issued to the public. Of this general public issue, 10%, a total of 1,72,388 unit shares, were for Nepalese citizens working abroad from 25th Mangsir to 29th Mangsir 2082. Of the general public issue, 0.50%, i.e., 26,119 units, have been set aside for the company's employees, and 5% of the total offered shares, i.e., 86,194 units, have been set aside for the mutual funds. The remaining 14,39,179 units will be issued for the general public.
The issue received a total of 67,637 valid applications for 1,111,110 units. Meanwhile, 2 applications for 20 units were disqualified.
As per the allotment module, 17,238 applicants were allotted 10 units each, and 8 applicants received 1 unit each through a lottery for Nepalese citizens working abroad.
Allotment Module:
The IPO result can be accessed by CDSC IPO Result, MeroShare, and Muktinath Capital Limited.
Muktinath Capital Limited was appointed as the issue manager. The minimum application quantity for Nepalese citizens working abroad was 10 units, and the maximum was 25,000 units.
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.
