Last day to bid 88,564.74 units promoter shares of RMDC by Nepal Grameen Bikas Bank ; Minimum bid price at Rs 501

Nepal Grameen Bikas Bank Limited (NGBBL) is closing its auction for 88,564.74 units promoter shares of Rural Microfinance Development Centre (RMDC) today (Jestha 22, 2074). The application for the bid was open from Jestha 16, 2074. The auction forms must be submitted by today till 3:00PM at NMB Capital. The bid will open to conclude the auction on Jestha 23, 2074. Minimum bid price of Rs 501 per share has been set for the auction, which means the bid price must be equal to or greater than Rs 501 per share. Applicants must apply for a minimum of 1000 units and they can apply for up to 88,564.74 units of promoter shares. Only existing promoters of RMDC can bid for the shares. NMB Capital Limited is the issue manager for this auction. Interested bidders can collect auction forms from NMB Capital Limited, Nagpokhari, Naxal, Kathmandu and the share amount can be deposited in the account number 00100100054010000003 maintained in the name NMB Capital Limited – Issue Account at NMB Bank Limited. Nepal Grameen Bikas Bank has earned net profit of Rs 19.58 crore in the third quarter of the FY 2073/74.   Also Read; Nepal Grameen Bikas Bank to earn Rs 3.55 crore premium from RMDC promoter shares auction Nepal Grameen Bikas Bank’s FPO worth Rs 9.75 crore in SEBON pipeline