Last day to bid 1.32 lakh unit auction shares of the Nepal Community Dev. Bank at Rs 100 & above; LTP stood Rs 412

Interested investors  in acquiring the shares of Nepal Community Development Bank (NCDB) 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 (Shrawan 27, 2073) and the bids will be opened to conclude the auction on Shrawan 28 , 2073(tomorrow) at 1:00 PM. Nepal Community Development Bank has been auctioning 37,301 units ordinary right share and 95,000 units promoter right share to the general public from Shrawan 20, 2073. 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 or maximum they can apply digit that can be divided by 10. NIBL Capital Markets Limited is the issue manager for this auction. The bank has urged the interested bidders to submit their bids by 1:00 PM till Shrawan 27 at the NIBL Capital Markets Limited located at Lazimpat, Kathmandu. The investors applying for the auction can deposit the bid amount in the account name NIBL Capital Markets Limited and account number K-614071-CLof Kumari Bank Limited located at Putalisadak, Kathmandu. Its last traded price stood at Rs 412 as on August 3, 2016.