Salapa Bikas Bank Gets Approval to Issue IPO

Kathmandu, November 26 — Salapa Development Bank Limited has received approval from the Nepal Securities Board to issue an IPO for the general public.

The company applied to the board on 23 Baisakh 2082 B.S. to issue 17,23,880 shares at a face value of NPR 100 per share, totaling NPR 17.24 crore.

The board granted the requested approval on 8 Mangsir

2082 B.S.. Muktinath Capital Limited will act as the IPO’s issue and sales manager.

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