Kamana Sewa Bikas Bank extends auction of 1.75 lakh units shares closing date till Bhadra 19; Bid opens on Bhadra 21

Kamana Sewa Bikas Bank Limited has published a notice regarding extension of auction closing and bid opening date. The closing date of the auction has been extended to Bhadra 19, 2074. Earlier the closing date was set on Bhadra 18, 2074. The bid will open to conclude the auction on Bhadra 21, 2074 at 10 AM at NIBL Capital Markets Limited. As per the notice published by the bank today, the closing date of the auction has been extended due to the public holiday of Gaura Parva on Bhadra 13, 2074. Kamana Sewa Bikas Bank is auctioning its unclaimed 1,75,358.60 units right shares to the general public from Bhadra 11, 2074. It is selling 1,33,338.26 units ordinary shares and 42,120.34 units promoter shares after the right shares issued from Ashad 11 to Shrawan 15, 2074 were not fully subscribed by its shareholders. It had offered right shares in the ratio of 1:0.3. Around 7.26% of the total right issue was unsubscribed. 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 for ordinary shares and for promoter, minimum of 1000 units of shares is compulsory. 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 Bhadra 18, 2074 at NIBL Capital Markets Limited, Lazimpat, Kathmandu or also in bank’s head office located at Pokhara, Lekhnath – 8. The investors applying for the auction can deposit the bid amount in the account number 0124524616107019 maintained in the name of NIBL Capital Markets Limited at Kumari Bank, Putalisadak.