Sunrise Bank auction of 1,66,248 unit ordinary shares to end today; LTP stood Rs 452
Thu, Aug 13, 2015 12:00 AM
ShareSansar, August 13:
Interested Investors in acquiring the shares of Sunrise Bank Limited (SRBL) have one more day to file their bids for the auctioned promoter and ordinary right shares.
Today is the last day to bid for the auction shares i.e. Shrawan 28 and the bids will be opened to conclude the auction tomorrow (Shrawan 29).
Sunrise Bank had auctioned its 1,66, 248 units ordinary right shares and 22 units Promoter right shares to general public from Shrawan 14.
The bank was selling 1,66,248 units of ordinary right share and 22 units promoter share after the rights shares issued on Falgun 22, 2071 were not fully subscribed by the investors. The bank had offered right shares at the ratio of 10:1.
Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100.
Civil Capital Market limited is the issue manager for this auction which is located at Kamaladi, Kathmandu.
Sunrise Bank Limited had reported net profit of Rs.474.39 million in its fourth quarter of the fiscal year 2071/72.
The last trading price of SRBL stood at Rs 452 yesterday, i.e. Shrawan 27.
