NIC Asia Bank Limited is auctioning 39,100 units promoter shares of Surya Life Insurance Company Limited.
The auction is open from today i.e. 2nd Ashwin and will close on 9th Ashwin, 2077.
The minimum bid quantity is 100 units while there is no maximum quantity limit for application, meaning that the general public can apply for the entire 39,100 units. However, individual investors are required to abide by Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity.
The general public can bid by filling a sealed bid form after paying Rs. 100 via NIC Asia Capital or the specified nationwide branches of NIC Bank Limited.
Find the announcement here.
As of writing, Surya Life Insurance Company Limited's LTP of ordinary shares is Rs. 642 per share.