SEBON Approves IPO Issuance for Salpa Development Bank; 1.72 Million Shares to Be Offered to the Public

The Securities Board of Nepal (SEBON) has granted approval to Salpa Development Bank to issue its Initial Public Offering (IPO) to the general public. With this approval, the bank is now authorized to float 1,723,880 shares under the public share category.

Muktinath Capital Limited will serve as the issue and sales manager for the IPO. The shares will be issued at a par value of Rs 100 per share, as per the standard practice for development banks operating in Nepal.

In total, the company plans to issue 5,223,880 shares. Out of this, 33% of the shares have been allocated for the general public, while the remaining 67% will be reserved for the promoter group. The public offering is expected to strengthen the bank’s capital base and expand its operational capabilities within the development banking sector.

With the IPO approval now secured, the bank will proceed with the issuance and further regulatory procedures before the shares become available for subscription.