715,950 Promoter Shares of NIC Asia Bank in Auction From Today
The existing promoters of NIC Asia Bank Limited (NICA) are selling 715,950 units of promoter shares in an auction to the general public from today i.e. 8th Baisakh to 15th Baisakh, 2080.
715,950 units of promoter shares will be auctioned. Individual investors, companies, and institutions can bid in an auction. Rs. 395 is the minimum bid rate. The minimum bid quantity for promoters’ shares is 1000 units. Although bidders can bid for the entire issue, they must abide by the Nepal Rastra Bank's rule not to exceed the specified quantity of shares per entity.
NIBL Ace Capital Limited is the auction manager. Bids will open at the premises of the auction manager on Baisakh 17, 2080.
As of writing, NICA has an LTP of Rs. 734.
