Lumbini Bikas Bank's auction for 3.44 lakh unit promoter shares to close today; Bids can be placed for minimum 100 units
Wed, Jan 9, 2019 6:50 AM on Auction, Dividend, Bonus & Rights, Latest, Stock Market,
Lumbini Bikas Bank Limited (LBBL) will be closing its auction for the promoter right shares from today. The auction for 3,44,946.44 unit shares was open from Poush 10, 2075.
The development bank has urged the interested bidders to place applications for minimum 100 units. The minimum bid price has been set as Rs 100 so the bids should be placed above Rs 100.
Vibor Capital Limited has been appointed as the issue manager for the auction of the shares. The application form can be collected and deposited in the branches of the capital.
Any one meeting the NRB promoter shareholders criteria can bid in this auction.
The bidders should deposit the entire bid amount in the A/C no 03100120004102000002 of Lumbini Bikas Bank.
After adjustment of 10% right shares, its paid-up capital will reach to Rs 2.21 arba. To meet the capital requirement of Rs 2.50 arba, it should further hike its capital by Rs 29 crore (around 13%).
Recently, the company had proposed 17.35% bonus share from the profit of 2074/75 FY; which will increase its capital to Rs 2.58 arba.
