Last day to bid 15,969.64 units ordinary shares of Deprosc Laghubitta; LTP at Rs 1300

Interested Investors in acquiring the shares of Deprosc Laghubitta Bikas Bank Limited (DDBL) have one more day to file their bids for the auctioned ordinary shares. The deadline for submitting sealed bids for the auctioned shares is closing today (Ashad 11) and the bids will be opened to conclude the auction tomorrow ( Ashad 13, 2074) at 3:00 PM . DDBL is selling 15,969.64 units ordinary share after the rights shares issued on Chaitra 7, 2073 were not fully subscribed by its shareholders. The microfinance company had offered right shares at the ratio of 1:1. 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 maximum of 15,969.64 units and the shares applied for should be a multiple of 10. Nabil Investment Banking Limited is the issue manager for this auction. The company has urged the interested bidders to submit their bids by 3:00 PM till today at the Nabil Investment Banking Limited located at Naxal, Kathmandu. The investors applying for the auction can deposit the bid amount in the account name Nabil Investment Banking limited and account number 3506017500006 of Nabil Bank Limited. Bidders can also apply through a Good For Payment cheque made in the name of Nabil Investment Banking Limited Its last traded price (LTP) stood at Rs 1,300 as on June 22, 2017. DDBL has earned net profit of Rs 20.85 crore in the third quarter of the fiscal year 2073/74 as per its unaudited report.