Muktinath Bikas Bank auctioning 1.13 lakh units unclaimed right shares from Magh 12; LTP stood at Rs 790

Muktinath Bikas Bank Limited (MNBBL) is auctioning its unsold ordinary and promoter right shares to the general public from Magh 12, 2073. As per the notice published by the bank today, the bank is selling 1,03,167.25 units ordinary shares and 10,493.50 promoter shares after the rights shares issued on Ashwin 21, 2073 were not fully subscribed by the shareholders. The bank had offered right shares in the ratio of 2:1. NIBL Capital Markets Limited is the issue manager for this auction. The auction will last till Magh 19, 2073. The bid will open to conclude the auction on Magh 21, 2073 at 11:00 AM. The auction will open at the premises of NIBL Capital Markets Limited, Lazimpat, Kathmandu. 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 bank has urged interested bidders to submit their bids by office hours till Magh 19 at NIBL Capital Markets located at Lazimpat, Kathmandu or at its head office in Prithvi Chowk, Pokhara. The investors applying for the auction can deposit the bid amount in the account number K-614489-CL in the name of NIBL Capital Markets Limited at Kumari Bank, Putalisadak branch. Muktinath Bikas Bank Limited has earned Rs 99.70 million during the end of first quarter of the fiscal year 2073/74. Its last trading price stood at Rs 790 as on January 9, 2017.