Last day to bid 7.05 lakh unit auction shares of Citizens Bank at Rs 100 & above; LTP stood Rs 750

Interested investors acquiring the shares of Citizens Bank International Limited (CZBIL) 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 (Bhadra 31, 2073) and the bids will be opened to conclude the auction on Ashwin 4, 2073. The bank is selling 77,676 units of promoter right share and 6,28,041 units ordinary share after the rights shares issued on Ashad 5, 2072 were not fully subscribed by the investors. The bank had offered right shares at the ratio of 10:5.5. 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. And there is no limit in buying shares at maximum. Global IME Capital Market Limited is the issue manager for this auction. The bank has urged the interested bidders to submit their bids by 3:00 PM till Bhadra 31 at the Global IME Capital located at Rastriya Nach Ghar, Jamal, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 0010000422CC of Citizens Bank International Limited  located at Sarada Sadan, Kamaladi, Kathmandu. Its last traded price stood at Rs 750 as on September 14, 2016. CZBIL had earned a net profit of Rs. 1.09 arba in the fourth  quarter of last fiscal year 2072/73.