Last day to bid auction of unsold 8.50 lakh units right shares of Kamana Sewa Bikash Bank

Tue, May 15, 2018 11:37 AM on Auction, Dividend, Bonus & Rights, Latest, Stock Market,
Last day t...

Kamana Sewa Bikas Bank Limited (KSBBL) had published a notice regarding the closing day of auction of its unsold right shares on Jestha 1, 2075 i.e. from today.

The auction is open for 6,37,816.93 unit promoters shares and 2,12,146.84 unit ordinary right shares. Only the existing promoters can apply for the promoters right shares.

The development bank had floated 30,94,154.77 unit right shares for the shareholders from Magh 15 till Chaitra 05, 2074. The bank allotted 22,44,191 unit shares to 32,222 applicants.

The minimum bid price has been set at Rs 100, i.e. the interested applicants need to place their bids above Rs 100. The applicants can apply for a minimum of 1000 units and 100 units for promoters shares and ordinary shares respectively.

The development bank has urged the interested bidders to deposit all the bid amount in the closed bid in the account number 00130600054010000213 of NMB Bank Limited or account number 04100300195116000001 of Kamana Sewa Bikas Bank Limited in the name of NMBCL-Right KSBBL 2074/75.

NMB Capital has been appointed as the issue manager for the right share auction.

Its paid up capital will reach to Rs 2.36 arba from existing Rs 2.05 arba after adjustment of 15% right shares. To meet the capital requirement of Rs 2.5 arba, it should hike its capital by Rs 14 crore (around 5.93%). The Last Traded Price (LTP) of the shares stood at Rs 165 as on Baisakh 31, 2075.