Subhechha & Innovative Dev. Bank to auction unsold 41,945.61units & 99,726 units shares respectively at Rs 100 & above from today

Subhechha Bikash Bank Limited (SUBBL) is auctioning its ordinary and promoter right shares to general public from today (Chaitra 12, 2072). According to a notice published by the development bank today, it will be selling 41,261.28 units of ordinary right share and 684.33 units promoter right share after the rights shares issued on Magh 18, 2072 were not fully subscribed by the investors. It had offered right shares in the ratio of 3:1. The auction starts from today and will last till Chaitra 18. Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. Ace 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 Chaitra 18 at the Ace Capital Limited located at Laldurbar, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 0010001049207 of the Sanima Bank Limited located at Naxal, Kathmandu and also can deposit  in the account number 001118002390 of Subhechha Bikas Bank located at Narayangad, Chitwan The last trading price of the shares stood at Rs 330 as on March 24, 2016. Likewise, Innovative Development Bank Limited (INDB) is auctioning its ordinary and promoter right shares to general public from today. As per the notice published by the development bank today, it will be selling 51,973 units of ordinary right share and 47,753 units promoter right share after the rights shares issued on Magh 8, 2072 were not fully subscribed by the investors. It had offered right shares in the ratio of 3:2. The auction starts from today and will last till Chaitra19. 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 Chaitra 19 at the NMB Capital Limited located at Nagpokhari, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 00130600054010000152 of the NMB Bank Limited. The last trading price of the shares stood at Rs 350 as on March 24, 2016.