Manaslu Bikas Bank & United Finance auctioning 46,361.25 units & 18,253 units ordinary shares respectively at Rs 100 & above from today

Manaslu Bikas Bank Limited (MSBBL) is auctioning its ordinary right share to the general public from today (Poush 11, 2073). The bank is 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 Poush 19, 2073. The bid will open to conclude the auction on Poush 20, 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 13511600631816000005 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 had earned net profit of Rs 1.31 crore in the first quarter of the fiscal year 2073/74 as per unaudited report. Om Development Bank Limited (ODBL) and Manaslu Bikas Bank have signed a Memorandum of Understanding (MOU) for merger process on Ashwin 21, 2073. The trading of Manaslu Bikas Bank has been halted in Nepal Stock Exchange Limited (NEPSE) Likewise, United Finance Limited (UFL) is auctioning its ordinary right share to the general public from today. The company is selling 18,253 units ordinary share after the rights shares issued on Ashad 30, 2073 were not fully subscribed by the investors. The finance company had offered right shares at the ratio of 4:1. The auction will last till Poush 25, 2073. The bid will open to conclude the auction on Poush 26, 2073 at 3:00 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 share. The finance company has urged interested bidders to submit their bids by 3:00 PM till Poush 25 at the Head office of Finance company located at I.J Plaza, Durbarmarg, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 99941000045821000001 of United Finance head office located at I.J Plaza, Durbarmarg, Kathmandu. Its last traded price stood at Rs 306 as on December 8, 2016. United Finance had earned net profit of Rs 1.02 crore in the first quarter of the fiscal year 2073/74 as per unaudited report.