Sanima Bank auctioning 2.11 lakh units unclaimed right shares from today; LTP at Rs 424

Sanima Bank Limited (SANIMA) is opening its auction for unclaimed ordinary right shares from today (Ashad 15, 2074). The bank is selling 2,11,047 units ordinary shares after the right shares issued on Baisakh 17, 2074 were not fully subscribed by its shareholders. SANIMA had offered 1,59,17,617 right shares in the ratio 10:3. Around 1.32% of the total issued right shares were unclaimed. The minimum bid price for the shares is set for Rs 100, which means the bid amount per share should be greater than Rs 100. The auction will last till Ashad 22, 2074 and the bids will be opened to conclude the auction on Ashad 23, 2074 at 03:00 PM. Bidders must apply for a minimum of 100 units of shares. CBIL Capital Limited is the issue manager for the auction. Applicants can collect the bid forms from CBIL Capital Limited, Dillibazar, Kathmandu. The bank has urged interested bidders to deposit the bid amount within banking hours on Ashad 22, 2074 in the account number 0010000477CC (at Citizens Bank) or account number 001-000-1057007 (at Sanima Bank) maintained in the name “CBIL Capital Ltd-Right Sanima”. Bidders can also apply through a Good for Payment account payee cheque in the name of CBIL Capital Limited. SANIMA has earned net profit of Rs 94.69 crore in the third quarter of the FY 2073/74. After the adjustment of right shares, the paid up capital of SANIMA will reach Rs 6.89 arba. Its LTP stood at Rs 424 as of yesterday (June 28, 2074).