Prime Commercial Bank Auctioning 9,00,000 Units Promoter Shares to the General Public and Institutions From 21st Chaitra
The existing promoters of Prime Commercial Bank Limited is selling 9,00,000 units promoter shares in an auction to the general public from 21st Chaitra to 29th Chaitra, 2079.
9,00,000 units of promoter shares will be auctioned. Individual investors, companies, and institutions are all eligible to bid in an auction. Rs. 130 is the minimum bid rate. The minimum bid quantity for promoters’ shares is 1000 units. Although bidders can bid for the entirety of the issue, they are required to abide by the Nepal Rastra Bank's rule not to exceed the specified quantity of shares per entity.
Sanima Capital Limited is the auction manager. Bids will open at the premises of the auction manager on Chaitra 2, 2079.
As of writing, PCBL has an LTP of Rs. 199.30.
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