Last day to bid 71,530 unit auctioned shares of Himalayan General Insurance; LTP at Rs 705

Himalayan General Insurance Company Limited (HGI) is closing its auction for unclaimed ordinary right shares today (Mangsir 4, 2074). The insurance company is selling 71,530 units ordinary shares. It had floated 166.67% (64,20,000 unit) right shares to its shareholders from Asadh 28, 2074 till Bhadra 9, 2074.  It has allotted only 63,48,470 units right shares as per right share allotment notice and remaining 71,530 units (1.11%) was unclaimed by the shareholders. NMB Capital Limited is the issue manager for the auction. The auction was open from Kartik 27, 2074. Interested bidders must apply for a minimum of 100 units. The insurance company has urged interested bidders to submit bids by 2:30 PM on Mangsir 4, 2074. The insurance company has urged all bidders to deposit the bid amount in account number 00130600054010000192 maintained in the name of NMBCL-Right HGI 2073/74 at NMB Bank International Limited. Applicants can also apply through a Good for Payment cheque made in the name of NMB Capital Limited. Application can be submitted in the NMB Capital and designated branches of NMB Bank Limited. Its current paid up capital remains at Rs 38.52 crore. After issuance of this 166.67% right share, its paid up capital will reach Rs 1.02 arba. HGI has earned net profit of Rs 2.23 crore in the first quarter of FY 2074/75. Its last traded price (LTP) stood at Rs 705 as of last trading day.