Deva Bikas Bank to re-auction 3.56 lakh units promoter shares at Rs 100& above; LTP at Rs 181

Deva Bikas Bank Limited (DBBL) will be re-auctioning 3,56,297.38 units promoter right shares to the general public from Jestha 28, 2074. As per the notice published by the development bank today, it is selling 3,56,297.38 units units promoter shares after auctioned promoter shares were not fully subscribed in the previous auction. Deva Bikas Bank had auctioned 2,34,318.01 units ordinary shares and 3,83,297.38 units promoter shares on Baisakh 28. Only 27,000 units promoter shares were subscribed in the previous auction. The auction will last till Ashad 1, 2074 and the bid will open to conclude the auction on Ashad 2, 2074 at 11 AM. 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. NIBL Capital Markets Limited is the issue manager for this auction. The bank has urged interested bidders to submit their bids within office hours till Ashad 1, 2074 at NIBL Capital Markets Limited, Lazimpat, Kathmandu. The investors applying for the auction can deposit the bid amount through cash or cheque in the account number 0124524615330016 maintained in the name of NIBL Capital Markets Limited at Kumari Bank . DBBL has earned net profit of Rs 19.90 crore in the third quarter of the fiscal year 2073/74. The last traded price of DBBLPO stands at Rs 181 as of December 22, 2016.