Tag: Auction

  • “Siddhartha Premier Insurance Launches Auction of Promoter Shares: Open to General Public and Institutions”

    “Siddhartha Premier Insurance Launches Auction of Promoter Shares: Open to General Public and Institutions”


    The current promoters of Siddhartha Premier Insurance Limited (SPIL) have initiated the sale of 1,78,865 units of promoter shares through an auction. This auction is open to both interested promoter shareholders and the general public/institutions, spanning from the 4th Poush to the 13th Poush, 2080.

    In this auction, a total of 1,78,865 units of promoter shares from SPIL will be made available. Interested parties, including general public/institutions, who meet the qualification criteria, have the opportunity to participate in the bidding process. The minimum bid rate set for this auction is Rs. 220, and the minimum bid quantity for promoters’ shares is 5000 units.

    The auction management for this process is handled by NIC Asia Capital Limited.

    As of the current information, the Last Traded Price (LTP) for SPIL is Rs. 774.00.

  • Kamana Sewa Bikas Bank Limited Initiates Auction of 5,09,892 Promoter Shares: Exclusive Opportunity for Former Promoter Shareholders

    Kamana Sewa Bikas Bank Limited Initiates Auction of 5,09,892 Promoter Shares: Exclusive Opportunity for Former Promoter Shareholders


    The current promoters of Kamana Sewa Bikas Bank Limited (KSBBL) have initiated the auction of 5,09,892 units of shares, starting from the 25th of Mangsir, 2080. This auction is exclusively open to interested former promoter shareholders of the bank. Eligible bidders have a 35-day window from the publication date of this notice, which is also the 25th of Mangsir, to submit their bids. Bids should be submitted at the central office of the bank, situated in Gyaneshwor, Kathmandu.

    In the event that no bids are received from the existing former promoter shareholders within the stipulated timeframe, the shares will subsequently be made available for auction to the general public. The closing price of KSBBL stood at Rs. 318 in the previous trading session. It is noteworthy that as of the 15th of August, 2023, KSBBLP (presumably referring to the bank’s promoter shares) has a Last Traded Price (LTP) of Rs. 156.00.

    This auction notice outlines the terms and conditions for former promoter shareholders to participate in the bidding process, emphasizing the specific timeframe and location for bid submission. The market values of KSBBL and KSBBLP provide additional context to potential bidders regarding the current financial standing of the bank and its promoter shares.

  • Prabhu Insurance Initiates Auction of 19,79,424 Promoter Shares of Nepal Reinsurance Company Limited

    Prabhu Insurance Initiates Auction of 19,79,424 Promoter Shares of Nepal Reinsurance Company Limited


    Prabhu Insurance Limited has initiated an auction for 19,79,424 units of promoter shares belonging to Nepal Reinsurance Company Limited (NRIC). The auction period is set to run from the 19th to the 26th of Mangsir, 2080.

    During this auction, the specified 19,79,424 units of promoter shares of Nepal Reinsurance Company Limited will be available for bidding. Interested promoter shareholders or institutions are invited to participate, with a minimum bid rate of Rs. 280. The bidding parameters for promoters’ shares include a minimum bid quantity of 10,00,000 units and a maximum bid quantity of 19,79,424 units.

    Prabhu Capital Limited is overseeing the auction process as the auction manager. At the time of this report, Nepal Reinsurance Company Limited (NRIC) has a Last Traded Price (LTP) of Rs. 610.

  • Kumari Bank Initiates Auction of 22,000 Promoter Shares: Exclusive Opportunity for Existing Promoter Shareholders

    Kumari Bank Initiates Auction of 22,000 Promoter Shares: Exclusive Opportunity for Existing Promoter Shareholders


    The current promoter of Kumari Bank Limited (KBL) has initiated the auction of 22,000 units of shares, exclusively available to interested existing promoter shareholders starting today. Nagendra Prasad Bimali aims to sell these units to current promoter shareholders, and interested parties are invited to participate in the auction within 35 days from the publication date of this notice, which is the 19th of Mangsir.

    Individuals looking to participate in the auction should submit their bids either at the central office of the bank in Tangal, Kathmandu, or at Kumari Capital Limited located at Naxal, Nagpokhari, Kathmandu. In the absence of bids from existing founder shareholders within the specified timeframe, the shares will subsequently be made available for auction to the general public. As of the last trading day, KBL closed at Rs. 150.40, and KBLPO reported a Last Traded Price (LTP) of Rs. 101.00 as of December 3, 2023.

    In a similar auction notice, the existing promoter of Machhapuchchhre Bank Limited (MBL) is auctioning 62,165 units of shares, available exclusively to interested existing promoter shareholders starting today. Indu Kumari Karki intends to sell these units to current promoter shareholders, and interested individuals are encouraged to bid within 7 days from the publication date of this notice, which is the 19th of Mangsir.

    Bidders for MBL shares should submit their bids at Machhapuchchhre Capital Limited located at Sundhara, Kathmandu. If there are no bids from existing founder shareholders within the stipulated timeframe, the shares will subsequently be open for auction to the general public. MBL closed at Rs. 184.90 on the last trading day, and MBLPO has an LTP of Rs. 136.00 as of May 10, 2023.

  • Citizens Bank International Limited Initiates Auction of Promoter Shares: Exclusive Opportunity for Existing Promoter Shareholders

    Citizens Bank International Limited Initiates Auction of Promoter Shares: Exclusive Opportunity for Existing Promoter Shareholders


    The current promoter of Citizens Bank International Limited (CZBIL) has initiated the auction of 70,490.61 units of shares, exclusively available to interested existing promoter shareholders, starting today.

    Ila Sharma plans to divest 70,490.61 units of promoter shares, and the auction is open exclusively to current promoter shareholders. The minimum bid rate for the auction has been set at Rs. 150. Those interested in participating in the auction are urged to submit their bids within 35 days from the publication date of this notice, i.e., by the 18th of Mangsir.

    To participate, shareholders are required to submit their bids at the central office of the bank, situated at Narayanhiti Path, Kathmandu. In the event that no bids are received from the existing founder shareholders within the stipulated timeframe, the shares will subsequently be made available for auction to the general public.

    As of the last trading day, CZBIL closed at Rs. 162. Additionally, CZBILP reported a Last Traded Price (LTP) of Rs. 108.00 as of October 1, 2023.

     

  • Promoter Share Auctions Initiated by Suryodaya Womi and Asha Laghubitta: Opportunities for Existing Shareholders

    Promoter Share Auctions Initiated by Suryodaya Womi and Asha Laghubitta: Opportunities for Existing Shareholders


    The current promoter of Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF) has initiated an auction for 60,617 units of shares, targeting existing promoter shareholders. Govinda Sharma and Saraswati Joshi plan to sell 31,266 and 29,351 units, respectively. Interested parties are invited to bid within 35 days from the notice’s publication date. Bids can be submitted at the corporate office in Lalitpur or Kumari Capital Limited in Kathmandu. If no bids are received within the specified timeframe, the shares will be opened for auction to the general public. SWMF closed at Rs. 562, and SWMFPO has an LTP of Rs. 225.55 as of October 8, 2023.

    In a similar move, the existing promoter of Asha Laghubitta Bittiya Sanstha Limited (ALBSL) is auctioning 87,014 units of shares to its current promoter shareholders. The auction, open from 11th Mangsir, 2080, invites interested shareholders to bid within 35 days from the notice’s publication. Bids should be submitted at the company’s central office in Kavrepalanchok. If no bids are received from existing shareholders within the specified timeframe, the shares will later be auctioned to the general public or institutions. ALBSL currently has an LTP of Rs. 600, while ALBSLP has an LTP of Rs. 323.75 as of November 2, 2023.

  • Kumari Bank Initiates Auction of 91,638 Promoter Shares for Existing Shareholders

    Kumari Bank Initiates Auction of 91,638 Promoter Shares for Existing Shareholders


    The current promoter of Kumari Bank Limited (KBL) has initiated the auction of 91,638 units of shares, inviting interest from existing promoter shareholders starting today. Lila Bahadur Gurung aims to sell this block of promoter shares to fellow existing promoters, and interested parties are encouraged to participate in the auction within the next 35 days from the publication date of this notice, ending on the 10th of Mangsir.

    Potential bidders are required to submit their bids either at the central office of the bank situated in Tangal, Kathmandu, or at Kumari Capital Limited located in Naxal, Nagpokhari, Kathmandu. In the event that no bids are received from the existing founder shareholders within the specified timeframe, the shares will subsequently be opened for auction to the general public.

    As of the latest available data, Kumari Bank Limited (KBL) concluded trading at a price of Rs. 153.90 on the previous day. Additionally, the Last Traded Price (LTP) for Kumari Bank Limited Promoter Share (KBLPO) stood at Rs. 110.00 as of November 9, 2023.

  • Kumari Bank Limited Promoters Auction 5,392 Shares to the Public

    Kumari Bank Limited Promoters Auction 5,392 Shares to the Public


    The current promoter of Kumari Bank Limited (KBL) has initiated the auctioning of 5,392 units of shares to the general public starting today. Lok Maya Gurung and Tika Ram Sapkota, existing promoters of the bank, are respectively selling 2,305 units and 3,087 units of their promoter shares to interested individuals. Prospective buyers are invited to participate in the auction within a 35-day period from the date of this notice, concluding on 8th Mangsir.

    To submit their bids, shareholders are required to visit the central office of Kumari Bank located in Naxal, Kathmandu. Notably, since no bids were received from the existing founder shareholders within the stipulated timeframe, these shares are now available for auction to the general public.

    As of 23rd November 2023, Kumari Bank Limited (KBL) closed at Rs. 153.90. Additionally, Kumari Bank Limited Promoter Share (KBLPO) had a Last Traded Price (LTP) of Rs. 110.00 as of 9th November 2023.

  • Prabhu Bank Limited Initiates Auction of Promoter Shares for General Public and Promoter Shareholders

    Prabhu Bank Limited Initiates Auction of Promoter Shares for General Public and Promoter Shareholders


    The current promoter of Prabhu Bank Limited (PRVU) is initiating an auction of 563,778 units of shares for interested individuals and institutions, starting from the 23rd of Kartik, 2080. These shares will be made available to the general public for bidding in the absence of offers from existing founder shareholders within the specified timeframe. Bidders are required to submit their bids at the company’s central office in Babarmahal, Kathmandu, within 15 days from the publication date of the notice. PRVU is currently trading at an LTP of Rs. 155.40.

    In a separate auction, the existing promoter of Prabhu Bank Limited is also offering 399,710 units of shares to its promoter shareholders, commencing on the same date, the 23rd of Kartik, 2080. Interested promoter shareholders have 35 days from the notice’s publication date to participate in the auction, submitting their bids at the company’s central office. Should no offers be received from existing founder shareholders within the stipulated period, the shares will subsequently be made available for auction to the general public or institutions.

  • Lumbini Bikas Bank Initiates Auction of Promoter Shares to General Public and Institutions

    Lumbini Bikas Bank Initiates Auction of Promoter Shares to General Public and Institutions


    The current promoter of Lumbini Bikas Bank Limited (LBBL) has initiated an auction of 2,00,639 units of shares, making them available for interested members of the general public and institutions starting today. Bil Bahadur Gurung and Bindu Kumar Thapa, the promoters of LBBL, are selling 1,46,748 units and 53,891 units of their promoter shares to interested parties from the general public and institutions. The initial notice had been previously published to the existing promoter shareholders, but since no applications were received from these shareholders within the specified timeframe, the shares are now accessible for auction to the general public and institutions.

    Potential investors are requested to submit their bids for the auction within 15 days from the publication date of this notice, which is the 21st of Kartik. Bidders should provide their offers at the central office of the company, located in Dillibazar, Kathmandu. As of the most recent available data, LBBL closed at Rs. 371.00 in its last trading session, with LBBLPO having an LTP (Last Traded Price) of Rs. 182 as of the 4th of June, 2023.

  • NLBBL Initiates Auction of Promoter Shares to Existing Shareholders with Minimum Bid Rate of Rs. 350

    NLBBL Initiates Auction of Promoter Shares to Existing Shareholders with Minimum Bid Rate of Rs. 350


    Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) has initiated the auction of 26,665 shares of promoter stock to existing promoter shareholders. Interested parties are invited to submit their bids for this auction within 35 days from the publication date of the notice, which is the 21st of Kartik, 2080. The minimum bid rate for participation in the auction is set at Rs. 350. Bidders are required to send their offers to the company’s head office located in RBB Merchant Banking Limited, Teku, Kathmandu. If no bids are received from the current founder shareholders within the specified timeframe, these shares will subsequently be made available for public auction. As of the most recent data available, NLBBL closed at Rs. 517.10.

    In a separate notice, Kumari Bank Limited (KBL) has announced the auction of 1,438 units of shares to the general public. Lal Bahadur Dhane, a KBL promoter, is facilitating the sale of these promoter shares to interested individuals in the general public. Similar to the NLBBL auction, potential investors are urged to submit their bids within 35 days from the publication date, which is the 21st of Kartik. Bids should be submitted at the company’s central office located at Kumari Capital Limited in Kathmandu. In the event that no offers are received from existing founder shareholders within the stipulated timeframe, these shares will become available for public auction. As of the most recent data available, KBL closed at Rs. 151.90, with KBLPO having an LTP (Last Traded Price) of Rs. 101 as of the 18th of October, 2023.

  • Kumari Bank Limited Initiates Auction of 5,30,000 Promoter Shares at Minimum Rate of Rs. 101

    Kumari Bank Limited Initiates Auction of 5,30,000 Promoter Shares at Minimum Rate of Rs. 101


    The existing promoter shareholder of Kumari Bank Limited (KBL) has initiated the auction of 5,30,000 units of promoter shares, starting from the 20th of Kartik, 2080.

    In this auction, a total of 5,30,000 promoter shares of KBL were made available for bidding at a minimum rate of Rs. 101. The opportunity to bid is extended to both the general public and institutions, with a deadline set for the 20th of Kartik. Interested shareholders are required to submit their bids at Kumari Capital Limited, situated at Naxal, Nagpokhari, Kathmandu.

    As of the latest information available, KBL is trading with an LTP (Last Traded Price) of Rs. 151.70. It’s worth noting that the LTP for KBLPO, the promoter shares, was recorded at Rs. 101 as of the 18th of October, 2023.