Last chance to bid 12,503 unit auctioned shares of Prudential Insurance; LTP at Rs 660

Prudential Insurance Company Limited (PICL) is closing its unclaimed 12,503 units right shares auction to the general public today (Chaitra 5, 2074). It has been selling 12,503 units ordinary shares after the right shares issued from Poush 16 to Magh 21, 2074 were not fully subscribed by its shareholders. It had floated 30% right shares. Around 0.97% of the total issue were unsubscribed. The auction was open from Falgun 28, 2074. 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 for ordinary shares. NIC Asia Capital Limited is the issue manager for this auction. The insurance company has urged interested bidders to submit their bids within office hour till Chaitra 5, 2074 at NIC Asia Capital Limited, Babarmahal, Kathmandu or also in designated branches of PICL. The investors applying for the auction can deposit the bid amount in the account number 5441451025524019 maintained in the name of NIC Asia Capital Limited at NIC Asia Bank, Thapathali, Kathmandu. It had earned net profit of Rs 6.28 crore in the second quarter of the FY 2074/75. Its last traded price (LTP) stood at Rs 660 as of last trading day.