Nirdhan Utthan Bank allots auctioned promoter shares of NGBBL; around 1.45 lakh units still not subscribed

Nirdhan Utthan Bank Limited (NUBL) has allotted auctioned promoter shares of Nepal Grameen Bikas Bank Limited (NGBBL). Likewise, it has also allotted the auctioned promoter shares of Rural Microfinance Development Centre Limited (RMDC). Only 19 applicants bid for around 46,420 units promoter shares of NGBBL. All the applicants will grab the shares. Around 1,45,572 units promoter shares of NGBBL were not subscribed and the company will further publish notice for re-auction. The company will be refunding money to the non-allottee investors from tomorrow (Mangsir 12, 2074). The non- allottee investors money will be refunded in their respective bank accounts. Nirdhan Utthan  had auctioned 1,91,992 units promoter share of Nepal Grameen Bikas Bank from Kartik 20, 2074 till Mangsir 6, 2074. The bids were opened on Mangsir 7 at NIBL Capital Markets Limited, Lazimpat. The cut off price for the promoter auctioned shares stood at Rs 300. Maximum bid price received was Rs 331. On the other hand, all auctioned promoter shares of RMDC were fully subscribed.