Auction Closing Day of Nepal Infrastructure Bank 10,00,000 Units Promoter Shares

NIC Asia Bank Limited (NICA) is currently overseeing an auction for the promoter shares of Nepal Infrastructure Bank Limited (NIFRA), which commenced on 10th Ashadh, 2081, and concludes today, on 17th Ashad, 2081.

10,00,000 unit promoter shares of NIFRA are being auctioned. Qualified interested promoter shareholders, general public/company, and institutions are eligible to bid in the NIFRA auction. Rs. 101 is the minimum bid rate and the minimum bid quantity for promoters’ shares is 10,000 units. Although bidders can bid for the entire issue, they must abide by the Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity.

NIC Asia Capital is the auction manager.

As of writing, NIFRA has an LTP of Rs. 188.90.