Sanima Bank to auction 1.68 lakh unit ordinary shares at Rs 100 & above from Ashwin 9; LTP stood Rs 760

Sanima Bank Limited (SANIMA) will be auctioning its ordinary right share to the general public from Ashwin 9, 2073. As per the notice published by the commercial bank today, the bank will be selling 1,68,531.97 units of ordinary share after the rights shares issued on Ashad 12, 2072 were not fully subscribed by the investors. The bank had offered right shares at the ratio of 2:1. The auction will last till Ashwin 16, 2073. The bid will open to conclude the auction on Ashwin 17, 2073 at 3:30 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. There is no limit in buying shares at maximum. Sanima Capital Limited is the issue manager for this auction. The bank has urged interested bidders to submit their bids by 3:00 PM till Ashwin 16 at the Sanima Capital located at Naxal, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 0010001269201 of Sanima Bank Limited head office located at Alkapuri, Naksal, Kathmandu. Its last traded price stood at Rs 760 as on September 8, 2016. Sanima Bank has earned net profit of Rs 1.04 arba in the fourth quarter of the fiscal year 2072/73 as per unaudited report.