Salapa Bikas Bank Limited has opened its Initial Public Offering (IPO) for Nepali citizens working abroad from 25th Mangsir 2082 (December 11, 2025).
The issue for this category will remain open until 29th Mangsir 2082, and may be extended up to 10th Poush 2082 if the application volume remains low.
The development bank has an issued capital of Rs. 52.23 crore, out of which 33% (17,23,880 units) will be offered to the public. From this public quota, 10% (1,72,388 units) has been reserved for Nepalis working abroad, and this specific tranche began yesterday.
The public offering also includes:
0.50% (26,119 units) reserved for the bank’s employees
5% (86,194 units) for mutual funds
14,39,179 units allocated to the general public
For applicants in the foreign employment category, the minimum application is 10 units, and the maximum is 25,000 units.
Muktinath Capital Limited is serving as the issue manager for this IPO.
Infomerics Credit Rating Nepal has assigned the bank an issuer rating of IRN B (Is) – Single B (Issuer), indicating a high level of risk related to timely repayment of financial obligations.
Salapa Bikas Bank Limited (SBBL) is a “B” class development bank licensed by Nepal Rastra Bank. The one-district regional bank, based in Khotang, was incorporated on July 16, 2012, and began operations the same year. It currently operates with 6 branches and its head office. Major shareholders as of mid-October 2024 include Dhan Prasad Rai (0.61%) and Manindra Rai (0.50%). The bank has a paid-up capital of NPR 350 million, entirely held by its promoters.