Manaslu Bikas Bank to auction 46,361.25 unit ordinary shares at Rs 100 & above from Kartik 7

Manaslu Bikas Bank Limited (MSBBL) will be auctioning its ordinary right share to the general public from Kartik 7, 2073. As per the notice published by the development bank today, the bank will be selling 46,361.25 units ordinary share after the rights shares issued on Shrawan 23, 2073 were not fully subscribed by the investors. The bank had offered right shares at the ratio of 2:1. The auction will last till Kartik 17, 2073. The bid will open to conclude the auction on Kartik 18, 2073 at 11:00 AM. 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 share. Prabhu Capital Limited is the issue manager for this auction. The bank has urged interested bidders to submit their bids by 3:00 PM till Kartik 17 at the Prabhu Capital located at Kamaladi, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 02811600631816000001 of Prabhu Bank Limited head office located at Newroad, Kathmandu. Its last traded price stood at Rs 498 as on October 4, 2016. Manaslu Bikas Bank has earned net profit of Rs 4.42 crore in the fourth quarter of the fiscal year 2072/73 as per unaudited report.