Last day to bid 3.41 lakh units auction shares of Prabhu Bank at Rs 100 & above

Interested investors in acquiring the shares of Prabhu Bank Limited (PRVU) have one more day to file their bids for the auctioned ordinary and promoter right shares. The deadline for submitting bids for the auctioned unsold right shares is ending today (Ashad 15, 2073) and the bids will be opened to conclude the auction on Ashad 16 , 2073(tomorrow). Prabhu Bank has been auctioning its 1,84,614.40 units ordinary right shares and 1,57,271.60 units promoter right share to the general public from Jestha 32, 2073. Only promoter shareholders can bid for the promoter shares. 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. Growmore Merchant Banker 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 growmore Merchant Banker Limited located at Durbarmarg, Kathmandu. The investors applying for the auction can deposit the bid amount in the account name Growmore Merchant Banker Limited and account number 0010000184CC of Citizens Bank International Limited located at Kamaladi, Kathmandu. Prabhu Bank trading has been halted in Nepal Stock Exchange Limited (NEPSE) since September 30, 2015. PRVU has earned net profit of Rs. 75.78 crore in the third quarter of the fiscal year 2072/73.