Tag: Auction

  • Kumari Bank Limited to Auction Promoter Shares to Existing Promoter Shareholders

    Kumari Bank Limited to Auction Promoter Shares to Existing Promoter Shareholders


    Kumari Bank Limited (KBL) has announced an auction of 2,68,949 units of shares to existing promoter shareholders, starting from today, the 31st of Jestha, 2080.

    The auction is exclusively open to the existing promoters of KBL, who will have a period of 35 days from the date of this notice to submit their bids. Eligible shareholders are required to submit their bids at the central office of the bank, located in Naxal, Kathmandu.

    The auction involves the sale of promoter shares, totaling 2,68,949 units of KBL. It presents an opportunity for existing promoters to acquire additional shares within the bank. The auction process will allow interested parties to determine the price they are willing to pay for the shares.

    As of the latest update, the Last Traded Price (LTP) of KBL shares stands at Rs. 164.80. This information provides shareholders with a reference point for evaluating the potential value of the shares being auctioned.

    By conducting the auction exclusively for existing promoter shareholders, Kumari Bank Limited aims to strengthen the promoter base and enhance their participation in the bank’s ownership structure. The auction presents an avenue for existing promoters to increase their stake in KBL and align their interests further with the bank’s long-term growth and success.

  • Auction of Promoter Shares: Muktinath Bikas Bank Limited and Mahalaxmi Bikas Bank Limited

    Auction of Promoter Shares: Muktinath Bikas Bank Limited and Mahalaxmi Bikas Bank Limited


    Muktinath Bikas Bank Limited (MNBBL) is selling 119,055 units of promoter shares through an auction. The auction is only open to existing promoters of the bank and will take place from 30th Jestha to 1st Shrawan, 2080. The minimum bid rate is Rs. 190, and bids must be submitted to the auction manager, B.O.K Capital Markets, in Naxal, Kathmandu.

    Similarly, Mahalaxmi Bikas Bank Limited (MLBL) is auctioning 9,47,392 units of shares to its existing promoters. Only current promoters of MLBL can participate in the auction, which will run for 35 days starting from 30th Jestha. Bids should be submitted at MLBL’s central office in Durbarmarg, Kathmandu.

    As of now, MLBL shares have a last traded price (LTP) of Rs. 320.

  • Sunrise Bank Limited Promoters Auction 122,045 Units of Shares to Public and Institutions

    Sunrise Bank Limited Promoters Auction 122,045 Units of Shares to Public and Institutions


    Sunrise Bank Limited (SRBL) has announced that the existing promoters of the bank will be auctioning 122,045 units of shares to the general public and institutions starting from today, which is the 18th of Jestha, 2080. Initially, the founder shareholders had issued a notice on the 7th of Baisakh, informing about the auction of these 122,045 units of promoter shares. However, since no applications were received during that period, the shareholders have decided to re-publish the notice and open the auction to the general public once again.

    Interested individuals, companies, and institutions are eligible to participate in the auction, and they have a period of 7 days from the date of this notice’s publication, which is the 18th of Jestha, to submit their bids. The minimum bid rate set for the auction is Rs. 125. Shareholders who wish to participate must submit their bids at the central office of the bank, located in Gairidhara, Kathmandu.

  • Kumari Bank Limited Initiates Auction of Promoter Shares to General Public

    Kumari Bank Limited Initiates Auction of Promoter Shares to General Public


    The promoters of Kumari Bank Limited (KBL) have decided to sell 7,57,699 units of their shares through an auction. This auction is open to individual investors, companies, and institutions, and will take place from 16th Jestha to 22nd Jestha, 2080.

    Interested bidders can participate in the auction with a minimum bid rate of Rs. 121 per share. The minimum bid quantity for the promoter shares is set at 1000 units. Bidders can place bids for the entire share issue, but they must adhere to the Nepal Rastra Bank’s guidelines regarding the maximum quantity of shares that can be held by a single entity.

    NIBL Ace Capital Limited has been appointed as the auction manager for this process. Bids will be opened at the auction manager’s premises on 23rd Jestha, 2080.

    At present, the Last Traded Price (LTP) of KBL shares stands at Rs. 168.

  • Kumari Bank Limited Promoters to Auction 14,83,378 Units of Shares to General Public

    Kumari Bank Limited Promoters to Auction 14,83,378 Units of Shares to General Public


    Kumari Bank Limited (KBL) has announced that its existing promoters will be selling 14,83,378 units of their shares through an auction open to the general public. The auction period will be from 12th Jestha to 19th Jestha, 2080. This presents an opportunity for individual investors, companies, and institutions to participate in the auction and potentially acquire shares of KBL.

    To participate in the auction, interested bidders need to place their bids with a minimum bid rate of Rs. 110. It’s important to note that the minimum bid quantity for the promoters’ shares is set at 1000 units. While bidders have the option to bid for the entire issue, they must comply with the regulations of the Nepal Rastra Bank, which specify the maximum quantity of shares that can be allocated to a single entity.

    The auction process will be managed by Sunrise Capital Limited, a renowned institution in the field. At the time of writing, the Last Traded Price (LTP) of KBL stands at Rs. 169.20. This information provides potential investors with a reference point to consider while placing their bids.

    Participating in this auction allows interested investors to potentially become shareholders of Kumari Bank Limited and be part of its future growth and profitability. It is advisable for prospective bidders to carefully assess their investment strategy and make informed decisions based on their own financial goals and risk appetite.

  • Kumari Bank Limited Initiates Auction of Promoter Shares to General Public

    Kumari Bank Limited Initiates Auction of Promoter Shares to General Public


    Kumari Bank Limited (KBL) is conducting an auction for the sale of 316,140 units of promoter shares to the general public. The auction, which began on 8th Jestha and will continue until 10th Ashad, 2080, allows individual investors, companies, and institutions to participate. The minimum bid rate for the auction is set at Rs. 110, and the minimum bid quantity for promoter shares is 1000 units.

    While bidders have the option to bid for the entire quantity of shares, they must comply with the Nepal Rastra Bank’s regulations, which limit the maximum number of shares that can be held by a single entity. The auction is managed by B.O.K Capital Markets Limited, and the latest trading price (LTP) for KBL stands at Rs. 165.50 as of the time of writing.

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

    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.

  • NIC Asia Bank Limited Initiates Auction of 345,680 Promoter Shares to General Public

    NIC Asia Bank Limited Initiates Auction of 345,680 Promoter Shares to General Public


    Promoters of NIC Asia Bank Limited (NICA) have initiated an auction to sell 345,680 units of their promoter shares to the general public. The auction period will run from the 2nd of Jestha to the 9th of Jestha, 2080.

    The auction is open to individual investors, companies, and institutions, with a minimum bid rate of Rs. 365. Interested bidders must submit a minimum bid quantity of 1000 units for the promoter shares. While bidders can bid for the entire issue, they must comply with the regulations set by the Nepal Rastra Bank, which restrict the quantity of shares per entity.

    NIBL Ace Capital Limited has been appointed as the auction manager for this process. Bids will be opened at the premises of the auction manager on the 10th of Jestha, 2080, at 3 PM.

    As of the time of writing, the Last Traded Price (LTP) of NICA stands at Rs. 694.60.

  • From the 21st Chaitra, Prime Commercial Bank will auction 9,00,000 units of promoter shares to the general public and institutions.

    From the 21st Chaitra, Prime Commercial Bank will auction 9,00,000 units of promoter shares to the general public and institutions.


    The existing promoters of Prime Commercial Bank Limited are auctioning off 9,00,000 units of promoter shares to the general public from the 21st Chaitra to the 29th Chaitra, 2079.

    A total of 9,00,000 promoter shares will be auctioned off. Individual investors, businesses, and institutions can all bid in an auction. The minimum bid is Rs. 130. The promoters’ shares have a minimum bid quantity of 1000 units. Although bidders may bid for the entire issue, they must follow the Nepal Rastra Bank’s rule of not exceeding the specified number of shares per entity.

     

  • Siddhartha Bank’s Promoter Shares will being auctioned off starting today.

    Siddhartha Bank’s Promoter Shares will being auctioned off starting today.


    From today, 14th Chaitra, 2079, the promoter shareholder of Siddhartha Bank Limited (SBL) is auctioning 114,813 units of shares to existing promoter owners.

    SBL unit promoter shares worth 114,813 will be auctioned off. Only existing promoters are entitled to bid on the auction within 35 days after its publication, on the 14th Chaitra. Shareholders should submit their bids to the bank’s headquarters office in Hattisar, Kathmandu.

    If no offers are received from existing founding owners by the deadline, the shares will be auctioned off to the general public.

  • The deadline for the auction of 296,000 Kumari Bank promoter shares has been extended to Chaitra 06

    The deadline for the auction of 296,000 Kumari Bank promoter shares has been extended to Chaitra 06


    The deadline for the sale of 2,96,000 units of promoter share has been extended till Chaitra 6, 2079, according to Kumari Bank Limited (KBL).

    KBL’s existing promoters have started auctioning off their 2,96,000 unit promoter stake. The auction began on the 16th of Falgun and was scheduled to end tomorrow, on the 30th of Falgun, 2079. Nevertheless, because the auction organizer received insufficient applications, the sale has been extended until Chaitra 6.

    Individual investors, businesses, and institutions can all bid in an auction. The minimum bid is Rs. 119. The promoters’ shares have a minimum bid quantity of 10,000 units. Although bidders may bid for the full issue, they must follow the Nepal Rastra Bank’s guideline not to bid more than once.

  • 4,357,185 Hydroelectricity Investment Unit Right Shares

    4,357,185 Hydroelectricity Investment Unit Right Shares


     

    Hydroelectricity Investment & Development Company Limited (HIDCL) has listed 43,57,185 units right shares on NEPSE.

    From the 22nd Magh to the 8th Falgun, 2079, HIDCL auctioned off 2,21,97,325 units of promoter share. Individuals, institutions, and businesses could all bid in the auction. However, only 141 bidders submitted bids for 43,57,185 unit shares. The cut-off rate was Rs. 100. NEPSE now lists the same right