Allotment Concludes for Nabil Bank's auction of Swabalamban Laghubitta Promoter Shares
The allotment has concluded for Nabil Bank Limited's auction of the promoter shares of Swabalamban Laghubitta Bittiya Sanstha Limited. The auction opened on 18th Ashar and closed on 29th Ashar, 2078.
1,89,653 units promoter shares of Swabalamban Laghubitta were auctioned. Existing promoters, individuals, and institutions were all eligible to bid for the auction.
Rs. 700 was the minimum bid rate and 1000 was the minimum bid quantity. Nabil Invest was appointed the auction manager. The auction manager has stated that only 53,100 shares have been allotted to all bidders who bid at or above the minimum price. Thus, 1,36,553 shares are still unsold.
If all shares were to be auctioned away at an average price of Rs. 700 per share (i.e. the minimum bid rate), this auction would add an extra Rs. 13,27,57,100 as non-operating revenue in the books of Nabil Bank.
