Sunrise Bank & Excel Dev. Bank auctioning 2, 18,454 & 6,360 units ordinary share at Rs 100 & above respectively from today

Sunrise Bank Limited (SRBL) is auctioning its ordinary right shares and promoter right share to the general public from today (Baisakh 7, 2073). According to a notice published today, the bank will be selling 2,18,454 units of ordinary right share and 34 units promoter share after the rights shares issued on Magh 11, 2072 were not fully subscribed by the investors. The bank had offered right shares at the ratio of 100:15. The auction starts from today (Baisakh 7, 2073) and will last till Baisakh 13, 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. Interested bidders must bid for a minimum of 100 units of share or maximum they can apply digit that can be divided by 10. Civil Capital Markets 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 13 at the Civil Capital Markets Limited located at Kathmandu Plaza, Kamaladi, Kathmandu. The investors applying for the auction can deposit the bid amount in the account name Civil Capital Markets Limited and account number 00210016977033 of Sunrise Bank Limited located at Gairidhara, Kathmandu. The last trading price of the shares stood at Rs 558 as on April 18, 2016. Likewise, Excel Development Bank Limited (EDBL) is auctioning its ordinary right shares to general public from today. According to the notice published by the bank today, The development bank is selling 6,360 units of ordinary right share after the rights shares issued on Magh 7, 2072 were not fully subscribed by the investors. It had offered right shares in the ratio of 4:1.0370. The auction starts from today and will last till Baisakh 13. 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. 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 Baisakh 13 at the Ace Capital Limited located at Lal Colony Marg, Laldurbar, Kathmandu. The investors applying for the auction can deposit the bid amount in the account name Ace Capital Limited and account number 0011043901CA6 of  Ace Development Bank Limited located at Narayanchowk, Naxal, Kathmandu. The last trading price of the shares stood at Rs 590 as on April 18, 2016.