Last day to bid 2,981.6 units unclaimed right shares of Swarojgar Laghubitta at Rs 100 & above; LTP at Rs 2529

Investors Interested in acquiring the shares of Swarojgar Laghubitta Bikas Bank Limited (SWBBL) have one more day to file their bids for the auctioned promoter and ordinary shares. The deadline for submitting bids for the auctioned promoter shares is ending today (Bhadra 165, 2074) and the bids will be opened to conclude the auction on Bhadra 18, 2074 at 3:00 PM. .The bank is selling 1,584.74 units promoter shares and 1,396.86 units ordinary shares after the right shares issued from Ashad 1, 2074 to Shrawan 4, 2074 were not fully subscribed by its shareholders. The bank had offered right shares at the ratio of 1:0.5. Around 0.84% of the total right issue was unsubscribed. 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. The number of shares applied must be a multiple of 10. NMB Capital Limited is the issue manager for this auction. The bank has urged interested bidders to submit their bids by 1.30 PM till today at Siddhartha Capital located at Naxal, Kathmandu. The investors applying for the auction can deposit the bid amount in the name of NMBCL – Right SLBBL 2073/74 in account number 00130600054010000188 of NMB Bank Limited. SLBBL has earned net profit of Rs 2.86 crore in the fourth quarter of the last FY 2073/74. Its last traded price stood at Rs 2529 as on August 31, 2017.