You can now apply for all the IPOs issued in Nepal from abroad since the Securities Board of Nepal (SEBON) has implemented the "Securities Issuance and Allotment (Sixth Amendment) Guideline, 2079 BS." Now that the new guidelines are in place, Nepalis working in foreign countries with a valid labor permit from the government of Nepal can actively participate in the Nepali Share Market with a 10% quota on all the IPOs issued.
A remittance savings account is a must to be eligible for the 10% IPO allotment.
To be eligible for the 10% quota, you will need to meet the following requirements:
**Above requirements may vary from bank to bank.
A Remittance IPO saving account is exactly similar to a Remittance savings account, with the same procedures to create an account.
Lists of banks with separate deposit schemes that are currently providing a Remittance IPO Saving Account and Remittance savings account for 10% IPO allotment.
|Citizens Bank Ltd.
|Remittance IPO Savings Account
|Kumari Bank Ltd.
|Kumari Remit IPO Saving Account
|NIC Asia Bank Ltd.
|Sarbashrestha Remittance Bachat Khata IPO
|Muktinath Bikas Bank Ltd.
|Muktinath Sambriddhai Remit IPO Bachat Khata
|Global IME Bank
|Janma Bhumi bachat khata
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