Last day to bid 79, 238 units’ shares of Karnali Dev. Bank; LTP at Rs 295

Interested investors acquiring shares of Karnali Development Bank Limited (KRBL) have one more day to file their bids for the auctioned promoter and ordinary shares. The deadline for submitting bids for the auctioned unsold right shares is ending today (Mangsir 23, 2073) and the bids will be opened to conclude the auction on Mangsir 26, 2073. Karnali Development Bank Limited (KRBL) has been auctioning 54,290 units’ promoter share and 24,948 units’ ordinary shares to the general public from Mangsir 16, 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. Prabhu 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 23 at Prabhu Capital located at Kamaladi, Kathmandu or Karnali Development Bank, Nepalgunj, Banke. The investors applying for the auction can deposit the bid amount in the account number 13511600631816000003 of Prabhu Bank Limited located at Kamaladi, Kathmandu. Its last traded price stood at Rs 295 as on December 7, 2016. Karnali Development Bank has net loss of Rs 51.47 lakh in the first quarter of the current fiscal year 2073/74 as per unaudited report.