Nepal Investment Bank set to auction 29,380 units of promoter shares; bids accepted from Kartik 21, 2076

Nepal Investment Bank Limited (NIB) is selling 29,380 units of promoter shares having par value of Rs.100, via auction. Institutional and individual investors have been invited to place their bids from Kartik 21 to Kartik 28, 2076.

Interested investors can apply for minimum of 3000 units while there is no maximum limit to apply for the issue. The minimum price has been determined at Rs.275 per share. Bids placed below Rs.275 will be deemed invalid.

NIBL Ace Capital has been appointed as the issue manager for the issue. The application forms for the issue is available at NIBL Ace Capital, Lazimpat for Rs.500 per form.