Purnima Bikas auctioning 14,953 units ordinary & 20,455 units promoter shares from today; Last bid till Asad 22

ShareSansar June 26:

Purnima Bikas Bank Limited (PURBL) is auctioning its ordinary and promoter shares to the general public.

According to a notice published by the development bank today, it will be 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.

The auction starts from today (Ashad 11) and will last till Ashad 22 and the bids will be opened to conclude the auction on Ashad 24.

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 Limited had posted net profit of Rs 18.69 million in the 2nd quarter of the current fiscal year 2071/72.

The last traded price of the Purnima Bank stood at Rs 315 on June 24, 2015.