Shangri-La Dev. Bank to auction unsold 10.39 lakh units shares at Rs 100 & above from today; LTP stood Rs 390

Shangri-La Development Bank Limited (SADBL) is auctioning its ordinary and promoter right shares to general public from today (Baisakh 17, 2073). The development bank is selling 71,773 units ordinary right share and 9,67,540 units promoter right share after the rights shares issued on Falgun 9, 2072 were not fully subscribed by the investors. It had offered right shares in the ratio of 4:1. The auction starts from today and will last till Baisakh 26, 2073. Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. NMB Capital Limited is the issue manager for this auction. The bank has urged the interested bidders to submit their bids by 3:00 PM till Baisakh 26 at the NMB Capital Limited located at Nagpokhari, Kathmandu or at Shangrila Development Bank located at Baluwatar Kathmandu. The investors applying for the auction can deposit the bid amount in the account name NMBCL-BTI-Shangri-La 2072/73 and account number 00130600054010000155 of NMB Bank Limited  located at Nagpokhari, Kathmandu The last trading price (LTP) of the shares stood at Rs 390 as on April 28, 2016.