Swarojgar Laghubitta auctioning 2,981 units unclaimed right shares at Rs 100 & above from today; LTP at Rs 2090

Swarojgar Laghubitta Bikas Bank Limited (SWBBL) is auctioning its 2,981.6 units unclaimed right share to the general public from today (Bhadra 8, 2074). The bank is selling 1,584.74 units promoter shares and 1,396.86 units ordinary shares after the right shares issued from Ashad 1, 2074 to Shrawan 4, 2074 were not fully subscribed by its shareholders. The bank had offered right shares at the ratio of 1:0.5. Around 0.84% of the total right issue was unsubscribed. The auction will last till Bhadra 16, 2074. The bid will open to conclude the auction on Bhadra 18, 2074 at 3:00 PM. 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. The number of shares applied must be a multiple of 10. NMB Capital Limited is the issue manager for this auction. The bank has urged interested bidders to submit their bids by 1.30 PM till Bhadra 16 at Siddhartha Capital located at Naxal, Kathmandu. The investors applying for the auction can deposit the bid amount in the name of NMBCL – Right SLBBL 2073/74 in account number 00130600054010000188 of NMB Bank Limited. SLBBL has earned net profit of Rs 2.86 crore in the fourth quarter of the last FY 2073/74. Its last traded price stood at Rs 2090 as on August 23, 2017.