Last day to bid 1.91 lakh auctioned promoter shares of Nepal Grameen Bikas Bank

Nirdhan Utthan Bank Limited (NUBL) is closing its auction for 1,91,992 units of Nepal Grameen Bikas Bank Limited (NGBBL) promoter share today (Mangsir 6, 2074) at Rs 300 minimum price. The auction was open from Kartik 20, 2074. The bid will open to conclude the auction on Mangsir 7, 2074 at 4:00 PM. Bidders must quote a minimum price of Rs 300 per unit, which means that the lowest bid amount must be more than Rs 300 or equal to Rs 300. Interested bidders must bid for a minimum of 100 units of share. And there is no limit in buying shares at maximum. NIBL Capital Market Limited is the issue manager for this auction. The bank has urged the interested bidders to submit their bids by 3:00 PM till Mangsir 6 at the NIBL Capital Market Limited office located at Lazimpat, Kathmandu. Applicants are requested to deposit the bid amount in Kumari Bank under the name of NIBL Capital Markets Limited in account number 0124524616846016 or they can submit by issuing Good for Payment cheque as well. Nirdhan Utthan Bank Limited (NUBL) will able to earn minimum Rs 3.84 crore if the entire shares are sold. NGBBL has earned Rs 1.81 crore in the first quarter of the FY 2074/75. Click here to see announcement: