29,65,420 Unit Promoter Shares of Kumari Bank in Auction From Baisakh 15
The existing promoters of Kumari Bank Limited (KBL) are selling 29,65,420 units of promoter shares in an auction to the general public from 15th Baisakh to 2nd Jestha, 2080.
29,65,420 units of promoter shares will be auctioned. Individual investors, companies, and institutions are all eligible to bid in an auction. Rs. 119 is the minimum bid rate. The minimum bid quantity for promoters’ shares is 1000 units. Although bidders can bid for the entirety of the issue, they are required to abide by the Nepal Rastra Bank's rule not to exceed the specified quantity of shares per entity.
Sunrise Capital Limited is the auction manager. Bids will open at the premises of the auction manager on 3rd Jestha, 2080.
As of writing, KBL has an LTP of Rs. 169.
