Last day to bid 1.13 lakh units auctioned shares of Muktinath Bikas Bank at Rs 100 & above

Interested investors acquiring the shares of Muktinath Bikas Bank Limited (MNBBL) have one more day to file their bids for the auctioned ordinary and promoter right shares. The deadline for submitting bids for the auctioned unsold right shares is ending today (Magh 19, 2073) and the bids will be opened to conclude the auction on Magh 21, 2073. Muktinath Bikas Bank has been auctioning its ordinary and promoter right share to the general public from Magh 12, 2073. The development bank has been selling 1,03,167.25 units ordinary shares and 10,493.50 promoter shares after the rights shares issued on Ashwin 21, 2073 were not fully subscribed by the shareholders. The bank had offered right shares in the ratio of 2:1. 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 share. NIBL Capital Markets Limited is the issue manager for this auction. The bank has urged interested bidders to submit their bids by office hours till today at NIBL Capital Markets located at Lazimpat, Kathmandu or the at its branch office in Prithvi Chowk, Pokhara. The investors applying for the auction can deposit the bid amount in the account number K-614489-CL in the name of NIBL Capital Markets Limited at Kumari Bank, Putalisadak branch. MNBBL has earned Rs 22.32 million till the second quarter of the fiscal year 2073/74. Its Last Traded Price (LTP) stood at Rs 699  as of yesterday (January 31, 2017).