Cosmos Development Bank auctioning 17,026 unit shares at Rs 100 & above from today

Cosmos Development Bank Limited (CSDBL) is auctioning its ordinary right shares and promoter right share to the general public from today (Kartik 4, 2073). As per the notice published by the development bank today, the bank is selling 4,819 units of promoter right shares and 12,207 units ordinary shares after the rights shares issued on Shrawan 11, 2073 were not fully subscribed by the investors. The bank had offered right shares at the ratio of 1:1. The auction will last till Kartik 18, 2073. The bid will open to conclude the auction on Kartik 19, 2073 at 12:00 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 or maximum they can apply digit that can be divided by 10. Civil 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 Kartik 18 at Civil Capital Market located at Kathmandu Plaza, Kamaladi, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 00210000482018 of Civil Bank Limited located at Kamaladi, Kathmandu. Its last traded price stood at Rs 478 as on October 6, 2016. CSDBL had earned a net profit of Rs. 1.53 crore in the fourth quarter of the last fiscal year 2072/73.