Kathmandu, Jan 8
Muktinath Bikas Bank Limited held the auction of 56,286 units of promoter shares and 42,148 units of ordinary shares of the bank yesterday.
As per the information by the sources privy of the auction, those who applied from Rs 435 or above have won the bid for the public shares and those who had bid for Rs 125 or above have won the promoter shares.
There were altogether 213 applications for the
ordinary shares and nine applicants for the promoter shares, the source added.
Though the cut-off range is tentatively Rs 435 to 461 for the ordinary shares and Rs 125 to 160 for the promoter shares, Growmore Merchant Banker Limited, the issue manager is still compiling the data and scrutinizing the cheques.
The interested bidder could bid for a minimum of 100 units of either or both types of shares of Rs 100 face value.
The bidder also had to deposit the entire quoted amount at an account at Commerz and Trust Bank Nepal Limited.
The auction started on December 22.
Muktinath Bikas Bank Limited held the auction of 56,286 units of promoter shares and 42,148 units of ordinary shares of the bank yesterday.
As per the information by the sources privy of the auction, those who applied from Rs 435 or above have won the bid for the public shares and those who had bid for Rs 125 or above have won the promoter shares.
There were altogether 213 applications for the
ordinary shares and nine applicants for the promoter shares, the source added.
Though the cut-off range is tentatively Rs 435 to 461 for the ordinary shares and Rs 125 to 160 for the promoter shares, Growmore Merchant Banker Limited, the issue manager is still compiling the data and scrutinizing the cheques.
The interested bidder could bid for a minimum of 100 units of either or both types of shares of Rs 100 face value.
The bidder also had to deposit the entire quoted amount at an account at Commerz and Trust Bank Nepal Limited.
The auction started on December 22.
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