Auction Closing Day of Prime Commercial Bank 12,41,011 Units Promoter Shares

The existing promoters of Prime Commercial Bank Limited (PCBL) are selling 12,41,011 units of promoter shares in an auction to the general public/institutions, which commenced on 25th Jestha, 2081, and concludes today, on 31st Jestha, 2081.

12,41,011 units of promoter shares will be auctioned. Qualified interested promoter shareholders and interested general public/institutions are all eligible to bid in an auction. Rs. 115 is the minimum bid rate.

The minimum bid quantity for promoters’ shares is 2,00,000 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.

Nepal SBI Merchant Banking Limited is the auction manager.

As of writing, PCBL has an LTP of Rs. 205.00. Meanwhile, PCBLP has an LTP of Rs. 139.00.