Hamro Bikas Bank to auction unclaimed 4.51 lakh units shares at Rs 100 & above from today; LTP at Rs 243

Hamro Bikas Bank Limited (HAMRO) is auctioning its unclaimed 4,51,121.75 units right shares to the general public from today (Shrawan 5, 2074). The bank is selling 59,484.99 units ordinary shares and 391,636.76 units promoter shares after the right shares issued on Jestha 7, 2074 were not fully subscribed by its shareholders. Hamro Bikas Bank had offered right shares in the ratio of 1:2. The auction will last till Shrawan 12, 2074. The bid will open to conclude the auction on Shrawan 15, 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 and the shares applied for should be a multiple of 10. The applicants can apply for a maximum of 10,000 units of ordinary shares and 45,000 units promoter shares. NIBL Capital Markets Limited is the issue manager for this auction. The development bank has urged interested bidders to submit their bids within banking hour till Shrawan 12, 2074 at NIBL Capital Markets Limited, Lazimpat, Kathmandu or also in bank’s head office located at Battar, Nuwakot. The investors applying for the auction can deposit the bid amount in the account number 012452461997018 maintained in the name of NIBL Capital Markets Limited at Kumari Bank, Putalisadak. HAMRO has earned net profit of Rs 3.10 crore in the third quarter of the FY 2073/74. Its last traded price (LTP) stood at Rs 243 as on July 19, 2017.