Last day to bid 2.11 lakh unit promoter shares of Citizen Investment Trust; Siddhartha Capital manages the issue

Nepal Bank Limited (NBL) is closing its auction for 2,11,515 unit promoter shares of Citizen Investment Trust Limited (CIT) today (Ashwin 24, 2074). The commercial bank has stated that the minimum bid amount is set at Rs 3,050 and the interested applicants must bid for a minimum of 10,000 units of the share and maximum they can apply for 2,11,515units share. Only BFIs and Insurance companies can apply for the auctioned shares The auction was open from Bhadra 27, 2074. The sealed bid will be open today (Ashwin 24, 2074) at 3:30 PM. Siddhartha Capital Limited is the issue manager for this auction. The bank has urged the interested bidders to submit their bids by 3:00 PM till Ashwin 24, 2074 at the Siddhartha Capital Limited located at Naxal, Kathmandu. Interested bidders can collect auction forms from Siddhartha Capital Limited, Naxal, Kathmandu. Good for Payement Cheque/ Manager’s Cheque or the original copy of the draft can be attached to the closed bid application in the name of Siddhartha Capital Limited. The last traded price (LTP) of CIT stands at Rs 3611 as of last trading day. Earlier also, Nepal Bank had auctioned 3, 99,940 units of promoter shares of Citizen Investment Trust Limited at Rs 3500 and all the shares were not subscribed at that time.