Nepal Community Dev. Bank to auction 1.32 lakh unit shares at Rs 100 & above from Shrawan 20; LTP stood Rs 326

Nepal Community Development Bank Limited (NCDB) will be auctioning ordinary right share and promoter right share to the general public from Shrawan 20, 2073. The development bank is selling 37,301 units of ordinary right share and 95,000 units promoter share after the rights shares issued on Baisakh 30, 2072 were not fully subscribed by the investors. The bank had offered right shares at the ratio of 1:1. The auction will last till Shrawan 27, 2073. The bid will open to conclude the auction on Shrawan 28, 2073 at 1:00 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 or maximum they can apply digit that can be divided by 10. NIBL Capital Markets Limited is the issue manager for this auction. The bank has urged the interested bidders to submit their bids by 1:00 PM till Shrawan 27 at the NIBL Capital Markets Limited located at Lazimpat, Kathmandu. The investors applying for the auction can deposit the bid amount in the account name NIBL Capital Markets Limited and account number K-614071-CLof Kumari Bank Limited located at Putalisadak, Kathmandu. Its last traded price stood at Rs 326 as on July 18, 2016.