Sahara Bikas Bank Auctioning Its 9.21 lakh unit Promoter Shares to the existing promoter and general public

Sahara Bikas Bank Limited is auctioning its 9,21,148.70 units promoter share to the general public from Shrawan 30 to Bhadra 8, 2077.

The minimum bid rate is set at Rs 100. Therefore, all the bids must be placed at Rs 100 or above. Similarly, the minimum bid quantity is 1000 units while there is no maximum quantity limit for application, meaning that the general public can apply for the entire 9,21,148.70 units. However, individual and institutional investors are required to abide by Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity.

The priority will be given to the existing promoter (if applied) at the time of allotment and if the existing promoter did not apply then other applicants are allotted. 

The general public can bid by filling a sealed bid form after paying Rs. 100 via the following institutions:

1) Branches of NIBL Ace Capital Limited throughout the country.
2) NIBL Branches: Narayangadh, Hetuada, Birtamod, Janakpur, Tulsipur, Dang, Surkhet, Nepalgunj, and Dhangadhi
3) Sahara Bikas Bank Limited, Sarlahi
4) Green Development Bank Limited, Baglung

Click here for Auction Notice:

The trading of Sahara Bikas Bank is halted in NEPSE since 8th June, 2017 due to acquisition process by Deva Bikas Bank Limited. The acquisition process could not move ahead, despite of this the trading is not resumed of this company. Whereas, Deva Bikas is acquired by Kumari Bank Limited and started integrated transaction from Asad 2077. 

The company has not conducted its AGM since FY 2073/74.