BREAKING: All bidders allotted auctioned shares of Everest Bank; bidders claim shares at as low as Rs 100; around 35-40k units unsubscribed

Everest Bank Limited (EBL) has auctioned 2.53 lakh units ordinary right shares unclaimed by its shareholders from its 3:1 right share issue. The bids were opened today at 10 AM at NIBL Capital Markets Limited, Lazimpat, Kathmandu. As per a source, around 35-40,000 units auctioned shares were not subscribed in this auction. All investors were allotted the auctioned shares for the price they had bid for. “Some investors had even bid for less than Rs 200 per share in this auction”, added the source. EBL is trading around Rs 1,250 in NEPSE today. The remaining shares will now be re-auctioned. Final number of unsubscribed shares will vary after confirmed from the issue manager. EBL has posted net profit of Rs 1.98 arba in FY 2073/74. After allocation of the 3:1 right shares and all unclaimed right shares, tts current paid-up capital will reach Rs 6.03 arba.