Purnima Bikas 35,408 units auction shares end today; LTP Rs 325; minimum bid price above Rs 100

ShareSansar July 7:

Interested Investors have one more day in acquiring the shares of Purnima Bikas Bank Limited (PURBL) for the auctioned promoter and ordinary right shares.

The deadline for submitting sealed bids for the auctioned shares is ending today (Ashad 22) and the bids will be opened to conclude the auction day after tomorrow (Ashad 24).

Purnima Bikas bank had published the notice to auction 14,953 units of ordinary right share and 20,455 units of promoter right share from Asad 11 to the general public.

The development bank was selling 14,953 units of ordinary right share and 20,455 units of promoter right share after the rights shares issued on Baishak 6, 2072 were not fully subscribed by the investors. The Bank had offered right shares at the ratio of 4:1.

Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. Also, interested people must bid for a minimum of 100 units of share.

Ace Capital Limited is the issue manager for this auction.

Purnima Bikas Bank had posted net profit of Rs 31.33 million in the 3rd quarter of the current fiscal year 2071/72.

The last traded price of the Purnima Bank stood at Rs 325 as on July 6, 2015.