Gaumukhee Bikas Bank to auction unsold 41,441 units shares at Rs 100 & above; LTP stood Rs. 489

Gaumukhee Bikas Bank Limited (GABL) is auctioning its ordinary right shares and promoter right shares to general public from Poush 8, 2072 (today). According to a notice published by the development bank today, it will be selling 30,996 units of ordinary right share and 10,445 units promoter right share after the rights shares issued on Ashwin 24 were not fully subscribed by the investors. It had offered right shares in the ratio of 2:0.75. The auction has started from today and will last till Poush 17. Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. NMB Capital Limited is the issue manager for this auction. The bank has urged the interested bidders to submit their bids by 1:30 PM till Poush 17 at the NMB Capital Limited located at Nagpokhari, Kathmandu or also submit their bids in the head office of Gaumukhee Bikas Bank located in Bijuwar, Pyuthan . The investors applying for the auction can deposit the bid amount in the account number 00130600054010000148 with account name NMBCL-Right Issue- Gaumukhee of the NMB Bank Limited. The last trading price of the shares stood at Rs 489 on September 1 2015.