Kathmandu- The initial public offering (IPO) of Salpa Bikas Bank Limited has been allotted today, Poush 10, amid heavy oversubscription.
The IPO allotment process was completed at 9:30 am at Muktinath Capital, the issue and sales manager of the bank.
Salpa Bikas Bank had issued a total of 1,439,179 units of ordinary shares to the general public. During the application period, 2,322,843 applicants submitted applications for 25,934,930 units of shares.
Out of the total applications received, 2,265,955 applications were approved, while the remaining applications were canceled due to various technical reasons.
Allotment through lottery system
As the issue was oversubscribed, the IPO was allotted through a lottery system. According to the allotment results:
143,917 applicants received shares at the rate of 10 units each
Among them, 9 applicants received one additional share each
Those applicants received a total of 11 shares
How to check IPO allotment results
Applicants can check the IPO allotment result through the following three official platforms:
CDS & Clearing IPO Result Website https://iporesult.cdsc.com.np/
Sales Manager’s Website (Muktinath Capital) https://www.globalimecapital.com/#home
Mero Share Portal https://meroshare.cdsc.com.np/#/login
Investors are advised to verify their results using their BOID number through any of the above platforms.
