Last day to bid 8,891 units ordinary shares of Kabeli Bikas Bank; LTP stood at Rs 609

Interested Investors in acquiring the shares of Kabeli Bikas Bank Limited (KEBL) have one more day to file their bids for the auctioned ordinary right shares. The deadline for submitting bids for the auctioned unsold right shares is ending today (Chaitra 23, 2072) and the bids will be opened to conclude the auction on Chaitra 26, 2072. Kabeli Bikas Bank had opened submission of sealed bids of 8,891 units ordinary right shares to general public from Chaitra 17, 2072. 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 50 units of share and maximum they can apply for up to 500 unit of share. Global IME Capital Limited is the issue manager for this auction. The bank has urged the interested bidders to submit their bids by 3:00 PM till Chaitra 23 at the Global IME Capital Limited located at Rastriya Nach Ghar, Jamal, Kathmandu. The investors applying for the auction can deposit the bid amount in the account name Global IME Capital Limited and account number 0010000379CC of Citizens Bank International Limited located at Kamaladi, Kathmandu. The last trading price of the shares stood at Rs 609 as on April 4, 2016.