Hamro Bikas Bank to re-auction 1.71 lakh units unclaimed promoter shares at Rs 100 & above from Shrawan 31

Hamro Bikas Bank Limited (HAMRO) will be re-auctioning its unclaimed 1.71 lakh units promoter right shares from Shrawan 31, 2074. As per notice published by the development bank today, the  bank is selling 171,341.76 units promoter shares after the right shares were not fully subscribed in the previous auction. HAMRO had offered right shares in the ratio 1:2. The auction will last till Bhadra 6, 2074. The bid will open to conclude the auction on Bhadra 7, 2074 at 3 PM at NIBL Capital Markets Limited, Lazimpat, Kathmandu. 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 25,000 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 31, 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 267 as on July 26, 2017.