Last day to place bids for 7,53,370 unit auctioned shares of Bhargav Bikas Bank
Thu, May 24, 2018 2:24 AM on Auction, Latest, Stock Market,
Today is the last day to place bids for the auctioned shares of Bhargav Bikas Bank Limited (BHBL). The auction for 7,53,370 unit shares had started on Jestha 03, 2075 which includes 6,67,706 unit promoter shares and 85,664 unit ordinary shares.
The interested bidders can place bid for minimum of 100 unit shares for both groups whereas only the existing promoters can bid for the promoter shares. The minimum bid price for the auction has been set as Rs 100 i.e. the bidders should place their bids above Rs 100.
NMB Capital Limited has been appointed as the issue manager for the auction.
The bank has urged the bidders to deposit their entire bid amount in the A/C No. 00130600054010000202 of NMB Bank Limited in the name of NMBCL-RIGHTBBBL 2073/74 or in A/c No 0010017451700001 of Kumari Bank Limited in the name of NMBCL-RIGHT BBBL 2073/74.
The bank had issued 80% right shares worth Rs 21.12 crore. After the capitalization of 80% right shares, the paid-up capital of the bank will reach Rs 47.52 crore.
The Last Traded Price (LTP) of the shares of BHBL stands at Rs 139
