Last day to bid for 6.17 lakh units auctioned shares of Deva Bikas Bank; LTP at Rs 261

Investors interested in acquiring both ordinary and promoter shares of Deva Bikas Bank Limited (DBBL) have one last day to file their bids for the auctioned right shares. Deva Bikas Bank Limited (DBBL) has been auctioning its ordinary and promoter right shares to the general public from Baisakh 28, 2074 and today (Jestha 4, 2074) is the last day. DBBL is selling 2,34,318.01 units ordinary shares and 3,83,297.38 units promoter shares after the right shares issued on Magh 9, 2073 were not fully subscribed by its shareholders. DBBL had offered right shares in the ratio of 2:1. The bid will open to conclude the auction on Jestha 5, 2074 at 2:00 PM. 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 shares. NIBL Capital Markets Limited is the issue manager for this auction. The bank has urged interested bidders to submit their bids within office hours till today (Jestha 4, 2074) at NIBL Capital Markets Limited, Lazimpat, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 0124524615330016 maintained in the name of NIBL Capital Markets Limited at Kumari Bank. DBBL has earned net profit of Rs 19.90 crore in the third quarter of the fiscal year 2073/74. Its last traded price stands at Rs 261 as of May 17, 2017.