Citizens Bank auctioning unsold 7.05 lakh unit shares at Rs 100 & above from today; LTP stood Rs 725

Citizens Bank International Limited (CZBIL) is auctioning its ordinary right shares and promoter right share to the general public from today (Bhadra 24, 2073). The bank is selling 77,676 units of promoter right share and 6,28,041 units ordinary share after the rights shares issued on Ashad 5, 2072 were not fully subscribed by the investors. The bank had offered right shares at the ratio of 10:5.5. The auction will last till Bhadra 31, 2073. The bid will open to conclude the auction on Ashwin 4, 2073 at 3:30 PM. Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. Interested bidders must bid for a minimum of 100 units of share. And there is no limit in buying shares at maximum. Global IME 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 Bhadra 31 at the Global IME Capital located at Rastriya Nach Ghar, Jamal, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 0010000422CC of Citizens Bank International Limited located at Sarada Sadan, Kamaladi, Kathmandu. Its last traded price stood at Rs 725 as on August 24, 2016. CZBIL had earned a net profit of Rs. 1.09 arba in the fourth quarter of last fiscal year 2072/73.