Nagbeli Laghubitta to auction 21,889 units promoter right shares to its promoters from Jestha 19

Nagbeli Laghubitta Bikas Bank Limited (NBBL) will be auctioning its 21,889 units promoter right shares to the general public from Jestha 19, 2074. As per the notice published by the microfinance company today, the company is selling 21,889 units promoter shares after the rights shares issued on Mangsir 20, 2073 were not fully subscribed by its shareholders. The microfinance company had offered right shares at the ratio of 2:1. The auction will last till Jestha 26, 2074. The bid will open to conclude the auction on Jestha 28, 2074 at 4:00 PM. Only existing promoters of Nagbeli Laghubitta Bikas Bank can apply in 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 units of share or maximum they can apply digit that can be divided by 10. NMB Capital Limited is the issue manager for this auction. The bank has urged the interested bidders to submit their bids by 1:00 PM till Jestha 26 at the NMB Capital located at Nagpokhari, Kathmandu or bidders can also submit their bids at the head office of Nagbeli Laghubitta BIkas Bank located at Birtamod, Jhapa. The investors applying for the auction can deposit the bid amount in the account name NMBCL-NAGBELI RIGHT- 2073/74 and account number 00130600054010000170 of NMB Bank Limited. Its last traded price stood at Rs 3,235 as on May 17 , 2017. NBBL has earned net profit of Rs 2.82 crore in the third quarter of the fiscal year 2073/74 as per its unaudited report.