Siddhartha Bank Founder Shares Sale: 35 Day Public Notice Issued for Investors

9th April 2026, Kathmandu

The Siddhartha Bank Founder Shares Sale has been officially announced through a 35-day public notice published in April 2026, offering a high-volume opportunity for eligible investors to acquire promoter-level stakes.

Siddhartha Bank Founder Shares

This formal notice is specifically targeted at the existing founder shareholders of the bank, adhering to the strict regulatory framework established by Nepal Rastra Bank (NRB).

The bank initiated this liquidation process after receiving formal requests from two major shareholders looking to divest their holdings. Under current banking regulations in Nepal, promoter shares must be offered to the existing pool of founder shareholders first to maintain the internal ownership structure before being released to the general public or external institutions.

Details of the Founder Shares for Sale

According to the official notice, two prominent founder shareholders have expressed their intent to sell a combined total of 1,094,915 units of promoter shares. The breakdown of the available units is as follows:

Jagadish Kumar Agrawal (Kathmandu): 544,915 shares.

Subodh Kumar Kejriwal (Birgunj, Parsa): 550,000 shares.

These units are categorized as founder (promoter) shares. Unlike ordinary shares traded daily on the Nepal Stock Exchange (NEPSE), these shares represent a foundational stake in the bank and often carry specific governance rights and long-term holding requirements.

The 35-Day Application Window
The Siddhartha Bank Founder Shares Sale operates under a strictly defined timeline. From the date of the notice publication (Chaitra 26, 2082 / April 9, 2026), a 35-day window is open for applications.

Key conditions during this period:

Eligibility: Only individuals or institutions currently listed as founder shareholders of Siddhartha Bank can apply.

Timing: All applications must be submitted during regular banking office hours.

Content: The request must explicitly state the number of shares the applicant intends to purchase and the proposed price per share.

If no valid applications are received from the existing founder group within this 35-day period, the bank will move to the next phase, which involves offering these shares to the general public or other qualified investors in accordance with the Bank and Financial Institution Act (BAFIA).

Application Process for Founders

Interested founder shareholders are required to submit a physical application to the bank’s central office. Digital applications through MeroShare are generally not applicable for this specific category of share transfer.

Submission Requirements:

Location: Visit the Siddhartha Bank Central Office in Naxal, Kathmandu.

Documentation: Provide a formal letter of intent, a copy of your citizenship or company registration, and proof of current founder shareholding.

Transparency: The process is designed to ensure full compliance with the NRB directives regarding the transfer of significant ownership in commercial banks.

What Happens After the Deadline?

If the 35-day window closes without the total volume being subscribed by existing founders, Siddhartha Bank will initiate further legal procedures. At that stage, the shares may be auctioned or sold to non-founder investors, potentially opening the door for high-net-worth individuals or institutional investors to enter the bank’s promoter group.

The Siddhartha Bank Founder Shares Sale ensures that those who helped build the institution are given the first right to increase their stake while maintaining a fair and orderly market for bank capital.

Why Founder Shares Hold Strategic Value

Promoter-level shares are distinct from the ordinary shares available to retail investors. They are often sought after for the following reasons:

Corporate Governance: Large blocks of founder shares can lead to representation on the Board of Directors.

Strategic Influence: Owners of these shares have a greater say in major institutional decisions and long-term policy making.

Long-Term Asset: While they lack the immediate liquidity of ordinary shares, they are often seen as more stable long-term investments with consistent dividend prospects.

Things for Strategic Investors to Consider

Before participating in the Siddhartha Bank Founder Shares Sale, eligible investors should perform a thorough assessment:

Financial Performance: Review the bank’s latest quarterly reports for the fiscal year 2082/83 to check for profitability and asset quality.

Lock-in Periods: Be aware of the regulatory restrictions that may prevent the resale of these shares for a specific number of years.

Capital Commitment: Buying over a million units requires significant liquidity, and investors should ensure their funding aligns with their broader portfolio goals.

Conclusion

The Siddhartha Bank Founder Shares Sale represents a significant market event, providing over one million units to the bank’s existing core stakeholders. With the limited 35-day window now active, eligible founder shareholders in Kathmandu and Birgunj should act promptly to secure their desired portion of the 1,094,915 available units.

As the banking sector in Nepal continues to consolidate and evolve, such opportunities offer a strategic entry point for those seeking stability and influence within one of the nation’s most established commercial banks. Timely submission of the application at the Naxal office is essential to participate in this exclusive offering.

For More: Siddhartha Bank Founder Shares