Last day to bid 1.45 lakh units ordinary shares of Himalayan Bank; LTP at Rs 1020

Investors interested in acquiring the shares of Himalayan Bank Limited (HBL) have one more day to file their bids for the auctioned ordinary right shares. Himalayan Bank Limited (HBL) has been auctioning its 1,45,580 units ordinary right shares to the general public from Chaitra 10, 2073. The bank is selling ordinary share after the rights shares issued on Kartik 26, 2073 were not fully subscribed by the investors. The bank had offered right shares at the ratio of 7:1. The deadline for submitting bids for the auctioned unsold right shares is ending today (Chaitra 16, 2073) and the bids will be opened to conclude the auction on Chaitra 17, 2073 (tomorrow). 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, maximum of 1,45,580 units, and the shares applied for should be a multiple of 10. Laxmi Capital Market Limited has been assigned as the issue manager for this auction. The bank has urged interested bidders to submit their bids by 3:00 PM till Chaitra 16, 2073 at the Laxmi Capital located at Babarmahal, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 00534010238 of Laxmi Bank Limited. Its last traded price (LTP) stood at Rs 1020 as on March 28, 2017. Himalayan Bank Limited has earned net profit of Rs 1.02 arba in the second quarter of ongoing fiscal year 2073/74.