Shikhar Insurance auctioning unsold 87,412.8 units ordinary right shares from today; auction closes on Shrawan 28

Shikhar Insurance Company Limited (SICL) is auctioning 87,412.8 units ordinary shares from today i.e. Shrawan 21, 2077, and auction closes on Shrawan 28, 2077.

The 30% right share of Shikhar Insurance Company Limited (SICL) has been allotted to the applicants recently. The non-life insurance company had issued 31,71,932 unit shares for its shareholders at par value of Rs 100. Out of the total units; 30,84,519.2 units shares got subscribed by eligible applicants. Still, 87,412.8 units got unsubscribed which is 2.75% of the total issue.

NIBL Ace Capital Limited is the issue manager.

The minimum bid amount has been set at Rs 100, so the bids should be equal to or above Rs 100. Similarly, applicants can bid for a minimum of 50 units and no limit has been set for maximum units. The applicant can attach a good for payment cheque with the bid application or can attach a voucher by depositing the amount. The amount can be deposited at the following account:

Bank Name: Kumari Bank Limited, Putalisadak Branch 
Account name: NIBL Ace Capital Limited
Account number: 0010006577000011

The bid applications can be received and submitted in the following locations:

Click here for Auction Notice:

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