Prime Commercial Bank Limited (PCBL) Initiates Auction of 351,817 Units of Promoter Shares to General Public


Prime Commercial Bank Limited (PCBL) has announced the commencement of an auction where the existing promoters of the bank will be selling 351,817 units of promoter shares to the general public. The auction will take place from 3rd Jestha to 17th Jestha, 2080.

The auction is open to individual investors, companies, and institutions who are eligible to bid for the promoter shares. The minimum bid rate for the shares has been set at Rs. 130, and the minimum bid quantity is 10,000 units. It is important to note that while bidders have the option to bid for the entire quantity of shares, they must comply with the regulations set by the Nepal Rastra Bank, ensuring that the specified quantity of shares per entity is not exceeded.

The auction will be managed by Sanima Capital Limited, serving as the auction manager. Bids will open at the premises of the auction manager on the 17th of Jestha, 2080, at 4 PM.

At the time of writing, PCBL’s last traded price (LTP) stands at Rs. 191. This auction presents an opportunity for interested investors to acquire promoter shares of PCBL and participate in the growth of the bank.

Leave a Reply

Your email address will not be published. Required fields are marked *

More Interesting Read

Sabottam Cement IPO Allotment: Awaiting Lucky Winners through Friday's Lottery System 1
Business | Market | Economy IPO | FPO

Sabottam Cement IPO Allotment: Awaiting Lucky Winners through Friday’s Lottery System

The IPO allotment process for Sabottam Cement, a prominent cement company, is set to conclude on Friday. Lucky applicants who successfully secure shares will receive an allotment of 50 units each through a lottery system. This eagerly anticipated event marks a significant step in the company’s public offering, providing an opportunity for investors to become […]

Read More
Lower Erkhuwa Hydropower's IPO Proposal Under SEBON Review for Rs. 28.05 Crores 3
IPO | FPO

Lower Erkhuwa Hydropower’s IPO Proposal Under SEBON Review for Rs. 28.05 Crores

The Initial Public Offering (IPO) proposal of Lower Erkhuwa Hydropower Company Ltd. is currently under review by SEBON (Securities Board of Nepal). The company has submitted a proposal to issue a total of 2,805,750 shares, aiming to raise Rs. 28.05 crores. The application for the IPO was submitted on Falgun 11, 2080. Muktinath Capital Limited […]

Read More
Seed Energy Partners with NMB Capital for Initial Public Offering Management 5
IPO | FPO Business | Market | Economy

Seed Energy Partners with NMB Capital for Initial Public Offering Management

Seed Energy Ltd has finalized an agreement with NMB Capital Limited for the management of its Initial Public Offering (IPO). This development signifies a noteworthy achievement for Seed Energy Ltd as it prepares to introduce its shares to the public. The collaboration with NMB Capital Limited, a renowned entity in issue management, is anticipated to […]

Read More