Last day to bid 74,084 units shares of Alpine Dev Bank at Rs 100& above

Interested investors acquiring shares of Alpine Development Bank Limited (ALDBL) 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 (Mangsir 19, 2073) and the bids will be opened to conclude the auction on Mangsir 20, 2073(tomorrow). Alpine Development Bank has been auctioning 32,315 units promoter share and 41,769 units ordinary shares to the general public from Mangsir 12, 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. NMB Capital Limited is the issue manager for this auction. The bank has urged interested bidders to submit their bids by 3:00 PM till Mangsir 19 at NMB Capital located at Nagpokhari, Kathmandu or Alpine Development Bank, Hetauda. The investors applying for the auction can deposit the bid amount in the account number 00130600054010000159 of NMB Bank Limited head office located at Babarmahal, Kathmandu. Its last traded price stood at Rs 389 as on December 1, 2016. Alpine Development Bank has earned net profit of Rs 54.56 lakh in the first quarter of the fiscal year 2073/74 as per unaudited report.