Muktinath Bikas Bank to auction unsold 1.62 lakh unit right shares at Rs 100 & above from Kartik 23; LTP at Rs 609

Muktinath Bikas Bank Limited (MNBBL) will be auctioning 1,62,803.04 unit unsold right shares from Kartik 23, 2074. The development bank will be auctioning 1,35,037.53 unit ordinary and 27,765.51 unit promoter shares. Around 2.63% of the total issue were unsubscribed. The development bank had issued 40% right shares to its shareholders from Bhadra 4 to Ashwin 8, 2074. The auction will last till Kartik 30, 2074. NIBL Capital Markets Limited is the issue manager for this auction. 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 unit of shares for ordinary and a minimum of 100 unit of shares for promoter. Moreover, only existing promoter are eligible to bid for promoter shares. Interested investors can collect bid forms from NIBL Capital Limited, Lazimpath, Kathmandu, designated branches of MNBBL and Nepal Investment Bank Limited (NIB) and submit their bids within office hours on Kartik 30, 2074. The development bank has urged all bidders to deposit the bid amount in account number 0124524616409015 maintained in the name of NIBL Capital Markets Limited at Kumari Bank Limited. Also the bidders can submit their application with Good For Payment Cheque. MNBBL has announced 20% bonus shares from the net profit of the FY 2073/74. Its paid up capital after issuance of 40% right share is Rs 2.15 arba. After distribution of 20% bonus share, the paid up capital will reach Rs 2.58 arba. MNBBL has posted net profit of Rs 13.54 crore up to the end of first quarter of FY 2074/75. Its last traded price (LTP) stood at Rs 609 as of last trading day. See the announcement published in newspaper: