Last day to bid 2, 18,454 & 6,360 units auctioned ordinary shares of Sunrise Bank & Excel Dev. Bank respectively

Interested Investors in acquiring the shares of Sunrise Bank Limited (SRBL) have one more day to file their bids for the auctioned promoter and ordinary right shares. The deadline for submitting bids for the auctioned unsold right shares is ending today (Baisakh 13, 2073) and the bids will be opened to conclude the auction on Baisakh 14 , 2073(tomorrow). Sunrise bank has been auctioning 2,18,454 units of ordinary right share and 34 units promoter share to general public from Baisakh 7, 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. Civil Capital Markets Limited is the issue manager for this auction. The bank has urged the interested bidders to submit their bids by 3:00 PM till today at the Civil Capital Markets Limited located at Kathmandu Plaza, Kamaladi, Kathmandu. The investors applying for the auction can deposit the bid amount in the account name Civil Capital Markets Limited and account number 00210016977033 of Sunrise Bank Limited located at Gairidhara, Kathmandu. The last trading price (LTP) of the shares stood at Rs 580 as on April 24, 2016. Likewise, today is the last day to bid Excel Development Bank Limited ordinary right shares. The development bank had opened submission of sealed bids of 6,360 units ordinary right shares to general public from Baisakh 7, 2073. The bids will be opened to conclude the auction on Baisakh 14, 2073. Interested bidders must bid for a minimum of 100 units of share. Ace 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 today at the Ace Capital Limited located at Lal Colony Marg, Laldurbar, Kathmandu. The investors applying for the auction can deposit the bid amount in the account name Ace Capital Limited and account number 0011043901CA6 of  Ace Development Bank Limited located at Narayanchowk, Naxal, Kathmandu. The last trading price of the shares stood at Rs 596 as on April 24, 2016. Also Read, How much to bid in Sunrise Bank and Excel Dev. Bank auction share? – An analysis from ShareSansar