Last day to bid for 23,723 units of Sewa Bikas unclaimed promoters’ shares

ShareSansar, February 27:

Sewa Bikas Bank Limited (SBBL) had called for sealed bids for 23,723 units of unclaimed promoters’ shares on Falgun 8.

The company had published a notice announcing the auction of the 47,613 unclaimed promoter shares among the promoters themselves between Magh 20 to Magh 27. During the period, applications were received only for 23,890 shares.

Of the total shares issued, 23,723 units were unclaimed by the promoters, which were then opened for bidding from the general public from Falgun 8. NMB Capital Bank is the issue manager for this auction.

Today is the last day to submit the bids for the shares and the result will be announced on Falgun 17.
Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100.

SBBL had posted Rs 33.48 million net profit as on the 2nd quarter of the current fiscal year 2071/72.