Last day to bid 1.68 lakh unit auctioned ordinary shares of Sanima Bank at Rs 100 & above

Interested investors acquiring the shares of Sanima Bank Limited (SANIMA) have one more day to file their bids for the ordinary right shares. The deadline for submitting bids for the auctioned ordinary right shares is ending today (Ashwin 16, 2073) and the bids will be opened to conclude the auction on Ashwin 17, 2073(tomorrow) at 3:30 PM. Sanima Bank has been  selling 1,68,531.97 units of ordinary share after the rights shares issued on Ashad 12, 2072 were not fully subscribed by the investors. The bank had offered right shares at 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. There is no limit in buying shares at maximum. Sanima Capital Limited is the issue manager for this auction. The bank has urged interested bidders to submit their bids by 3:00 PM till Ashwin 16 at the Sanima Capital located at Naxal, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 0010001269201 of Sanima Bank Limited head office located at Alkapuri, Naksal, Kathmandu. Sanima Bank has earned net profit of Rs 1.04 arba in the fourth quarter of the fiscal year 2072/73 as per unaudited report. Its last traded price stood at Rs 649 as on September 29, 2016.