Purnima Bikas Bank to auction 67,109.6 unit shares at Rs 100 & above from Mangsir 2

Purnima Bikas Bank Limited (PURBL) will be auctioning its ordinary right share to the general public from Mangsir 2, 2073. As per the notice published by the development bank today, the bank will be selling 29,973.08 units ordinary share and 37,136.52 units promoter right share after the rights shares issued on Bhadra 1, 2073 were not fully subscribed by the investors. The bank had offered right shares at the ratio of 2:1. The auction will last till Mangsir 16, 2073. The bid will open to conclude the auction on Mangsir 17, 2073 at 3:00 PM. Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. Interested bidders must bid for a minimum of 100 units of share. Siddhartha Capital Limited is the issue manager for this auction. The bank has urged interested bidders to submit their bids by 3:00 PM till Mangsir 16 at Siddhartha Capital Ltd located at Hanumansthan, Anamnagar, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 00115221167 of Siddhartha Bank Limited head office located at Anamngar, Kathmandu. Also investors can deposit in the account number of Rupandehi branch 916160006 of Purnima Bikas Bank Its last traded price stood at Rs 490 as on October 27, 2016.