Auction Opening from Today: Prime Commercial Bank auctioning 86,900 units promoter shares of Nerude Laghubitta
Prime Commercial Bank is auctioning 86,900 units of promoter shares of Nerude Laghubitta. The auction will open today, i.e. 25th Mangsir at the start of banking hours. The auction will close on 2nd Poush, 2077 at the end of banking hours that day.
Prime Commercial Bank had previously auctioned 1,10,000 promoter shares of Nerude Laghubitta. Only 22,700 shares were allotted in that auction. The bank had then auctioned the remaining 87,300 units. However, since only 400 shares were allotted, the bank is reauctioning the remaining 86,900 units now.
While the minimum bid rate is Rs. 300, the minimum bid quantity should be 100 units. Although bidders can bid for the entirety of the issue, they are required to abide by Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity. The existing promoters, general public, and institutions are all eligible for bidding.
Bids will be opened in Poush 05, starting from 11:30 am. As of writing, the LTP of Nerude Laghubitta's ordinary shares is Rs. 990.
