Purnima Bikas Bank to auction unclaimed 66,911 units shares at Rs 100 & above from Bhadra 19; LTP at Rs 316

Purnima Bikas Bank Limited (PURBL) will be auctioning its unclaimed 66,911.82 unit right shares to the general public from Bhdara 19, 2074. As per the notice published by the development bank today, it is selling 20,653.77 units ordinary shares and 46,258.05 units promoter shares after the right shares issued on Ashad 19, 2074 were not fully subscribed by its shareholders. PURBL had offered right shares in the ratio of 4:1. Around 7.6% shares were unsubscribed. The auction will last till Bhadra 26, 2074. The bid will open to conclude the auction on Bhadra 28, 2074 at 7 AM. 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 shares and the shares applied for should be a multiple of 10. Siddhartha Capital Limited is the issue manager for this auction. The development bank has urged interested bidders to submit their bids within banking hour till Bhadra 26, 2074 at Siddhartha Capital Markets Limited, Naxal, Kathmandu or also in bank’s head office located at Siddharthanagar - 8, Rupandehi. The investors applying for the auction can deposit the bid amount in the account number 00115221167 maintained in the name of Siddhartha Capital Limited at Siddhartha Bank. PURBL has earned net profit of Rs 10.01 crore in the fourth quarter of the FY 2073/74. Its last traded price (LTP) stood at Rs 316 as on August 27, 2017.