Nepal Investment Bank selling 2,14,610 units promoter shares via auction from today; minimum bid price fixed at Rs 300

Nepal Investment Bank Limited (NIB) is selling 2,14,610 unit promoter shares via auction from today (Jestha 16, 2076). The bids for 2,14,610 unit shares will be accepted till Jestha 23, 2076.

The banks has urged the interested applicants to place applications for minimum 3,000 units of promoter shares. The minimum bid price has been set as Rs 300 so the bids should be placed at Rs 300 or above Rs 300.

NIBL Ace Capital Limited has been appointed as the issue manager for the auction of the shares. The application form can be collected from NIBL Ace by paying Rs 500 and deposited in Sanima Capital Limited.

The bidders must issue good for payment cheque of total bid amount in the name of NIBL Ace Capital Limited. After the allotment, cost of share transfer including brokerage commission must be payable to NIB ACe Capital by the auction allottee.

Interested applicants need to fill and submit the Fit and Proper Test (as per requirements of NRB) details like tax clearance certificate, CIB report, income source, PAN number and educational certificate.

The last trading price of Nepal Investment Bank Limited is Rs 538 traded on May 29.

The list of shareholders holding more than 0.5% of shares of the commercial is as follows: