Sunrise bank to auction unsold 1,66,248 units ordinary shares at Rs 100 and above; LTP stood at Rs 454

ShareSansar, July 30:

Sunrise Bank Limited (SRBL) is auctioning its ordinary Right shares and Promoter Right share to the general public from today (Shrawan 14).

According to a notice published today, the bank will be 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.

The auction starts from today (Shrawan 14) and will last till Shrawan 28.

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.337.23 million in its third quarter of the fiscal year 2071/72.

The last trading price of SRBL stood at Rs 454 yesterday, i.e. July 29.