Miteri Development Bank Shares Sale: Founder Shares Now Available for Public Investors
9th April 2026, Kathmandu
In a notable development in the banking and financial sector of Nepal, the Miteri Development Bank Shares Sale has officially opened to the general public.
Miteri Development Bank Shares
This move follows a regulatory process where the bank failed to receive any applications from its existing founder shareholders within the previously stipulated timeframe.
The bank has announced that a total of 78,572 units of founder shares—previously held under the name of Poonam Chand Buccha—are now available for purchase by any interested individual, firm, or company. This presents a unique and rare investment opportunity for those looking to enter the development banking sector as a founder-level stakeholder in April 2026.
Background of the Share Sale
According to the unified directives of Nepal Rastra Bank, founder shares must first be offered to existing founder shareholders to maintain the current ownership structure. Miteri Development Bank had strictly followed this protocol by providing a 35-day window for its current founders to exercise their right of first refusal.
However, since no formal applications were received during that 35-day period, the bank has now moved to the next stage of the liquidation process. Opening the Miteri Development Bank Shares Sale to the general public ensures that the shares are successfully transferred while widening the capital base of the institution.
How to Apply for Miteri Development Bank Shares
Investors who wish to participate in this share purchase must follow a manual application process. Unlike ordinary shares traded on the Nepal Stock Exchange (NEPSE), founder share transfers involve specific documentation and physical submission.
The application steps include:
Document Preparation: Prepare a clear copy of your Citizenship certificate and your PAN card.
Formal Letter: Draft a formal application letter expressing your intent to purchase a specific number of units and your proposed price per share.
Central Office Visit: Applications must be submitted physically at the central office of Miteri Development Bank located in Mahendrapath, Dharan.
Compliance Check: Ensure that you do not exceed the individual or institutional holding limits set by the central bank.
Accuracy in this manual process is critical, as any incomplete documentation could lead to the rejection of the bid by the board of directors.
Why This Investment Opportunity Matters
The opening of the Miteri Development Bank Shares Sale to the wider public is significant for several reasons that savvy investors should recognize:
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Rare Access to Founder Category: Founder shares are typically closely held and rarely reach the open market for the general public.
Stable Dividend History: Miteri Development Bank has a history of contributing to the economic growth of the eastern region, often providing consistent returns to its shareholders.
Strategic Influence: Founder shareholders often have different voting rights and long-term involvement in the governance of the bank compared to retail investors.
Portfolio Diversification: It allows investors to move beyond the volatile secondary market and secure a more stable, long-term asset.
About Miteri Development Bank Limited
Miteri Development Bank Limited is a well-established regional financial institution in Nepal. With its headquarters in the vibrant city of Dharan, the bank has been a key player in providing credit to small and medium enterprises (SMEs) and individual depositors across the Koshi Province.
The bank’s decision to open this sale transparently reflects its adherence to the financial regulations of Nepal. This ensures that the investment opportunity is distributed fairly among those who can contribute to the future capital requirements of the bank.
Things Investors Should Consider Before Buying
Before committing capital to the Miteri Development Bank Shares Sale, potential investors should conduct thorough due diligence:
Bank Performance: Review the latest quarterly reports to check the Non-Performing Loan (NPL) ratio and Net Profit.
Holding Period: Founder shares often have a “lock-in” period or require special permission from the Nepal Rastra Bank before they can be sold again.
Liquidity: These shares are not as easily tradable as ordinary shares on NEPSE, making them a “buy and hold” long-term investment.
Valuation: Ensure your bid price aligns with the current book value and the potential future earnings of the bank.
Conclusion
The Miteri Development Bank Shares Sale marks an important window of opportunity for investors across Nepal. With 78,572 units of founder shares now accessible to the public, individuals have a chance to take a significant stake in a reputable development bank and benefit from its regional growth.
Interested investors are encouraged to act promptly, as these opportunities are typically filled quickly by institutional bidders or high-net-worth individuals. By gathering the necessary documents and visiting the Dharan office, you can secure a valuable position in the financial landscape of the country for 2082 and 2083. Timely action is essential to ensure your application is considered before the available units are fully subscribed.
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