Deprosc Laghubitta auctioning 15,969.64 units ordinary right shares at Rs 100 & above from today; LTP at Rs 1,400

Deprosc Laghubitta Bikas Bank Limited (DDBL) is auctioning its 15,969.64 units ordinary right shares to the general public from today (Ashad 4, 2074). DDBL is selling 15,969.64 units ordinary share after the rights shares issued on Chaitra 7, 2073 were not fully subscribed by its shareholders. The microfinance company had offered right shares at the ratio of 1:1. The auction will last till Ashad 11, 2074. The bid will open to conclude the auction on Ashad 13, 2074 at 3:00 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 maximum of 15,969.64 units and the shares applied for should be a multiple of 10. Nabil Investment Banking Limited is the issue manager for this auction. The bank has urged the interested bidders to submit their bids by 3:00 PM till Ashad 11 at the Nabil Investment Banking Limited located at Naxal, Kathmandu. The investors applying for the auction can deposit the bid amount in the account name Nabil Investment Banking limited and account number 3506017500006 of Nabil Bank Limited. Bidders can also apply through a Good For Payment cheque made in the name of Nabil Investment Banking Limited Its last traded price (LTP) stood at Rs 1,400 as on June 16, 2017. DDBL has earned net profit of Rs 20.85 crore in the third quarter of the fiscal year 2073/74 as per its unaudited report.