Civil Bank closing the re-auction of unsold 31.21 lakh unit promoter share to the general public today

Civil Bank Limited (CBL) is closing its re-auction for unsold right shares today (Chaitra 21, 2074). After the completion of the auction for its 9,92,819.5 unit ordinary shares, Civil Bank Limited had published a notice regarding the re-auction of 31,21,600.25 unit promoter shares from Chaitra 14, 2074. The auction will close on Chaitra 21, 2074 (today) and the bid opening date has been set on Chaitra 22, 2074 at 11 AM. But after being undersubscribed, the bank published a notice for the interested bidders to present bids for the promoter share. Only the promoters were able to place bids for the shares in the first auction for 32.44 lakh unit promoter shares. But only 9 promoter had placed their bids for 1.23 lakh unit shares. So, the re-auction is open for all the general public to place their bids. 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 shares. Laxmi Capital Market Limited is the issue manager for the auction. Interested investors can collect bid forms from Laxmi Capital Market Limited, Baneshwor, Kathmandu and submit their bids within office hours on Chaitra 21, 2074. The bank has urged all the bidders to deposit the bid amount in the account number 00534010757 maintained in the name of Laxmi Capital Market Limited at Laxmi Bank Limited. The bank’s current paid up capital is Rs 5.18 arba. After the adjustment of 40% right shares, its paid up capital will reach Rs 7.25 arba. It had earned Rs 21.97 crore in the second quarter of the FY 2074/75.