Reminder; Last day to bid Garima Bikas 14,994 units auction shares, Bid opens tomorrow

Interested Investors in acquiring the shares of Garima Bikas Bank Limited have one more day to file their bids for the ordinary right shares. Today is the last day to bid for the auction shares i.e. Ashwin 24 and the bids will be opened to conclude the auction on Ashwin 25 (tomorrow). The development bank was selling 14,994 units of ordinary right share after the rights shares issued on Chaitra 9 were not fully subscribed by the investors. Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. Ace Capital limited is the issue manager for this auction. The investors applying for the auction can deposit the bid amount in the account number 0011043901CA5 of the Ace development Bank Limited. Alternatively, investors applying for the auction can also deposit the bid amount in the account number 92670601006 in Pokhara branch of Garima Bikas Bank Limited. Garima Bikas Bank Limited had earned net profit of Rs 16.31 crore in its fourth quarter of the last fiscal year 2071/72. The last trading price of the shares stood at Rs 368 on October 8, 2015.