NIC Asia Bank Auctioning Promoter Shares of Suryodaya Womi Laghubitta and Citizen Investment Trust From Today
NIC Asia Bank Limited (NICA) is auctioning the promoter shares of Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF) and Citizen Investment Trust (CIT) from today i.e. 19th Mangsir to 26th Mangsir, 2080.
97,305 unit promoter shares of SWMF and 25,000 unit promoter shares of CIT are being auctioned. Individual investors, companies, and institutions are eligible to bid in the auction of SWMF whereas qualified investors are eligible to bid in the auction of CIT. Rs. 196 is the minimum bid rate for SWMF's auction whereas Rs. 686 is the minimum bid rate for CIT's auction. The minimum bid quantity for promoters’ shares of SWMF is 100 units while that of CIT is 1000 units. Although bidders can bid for the entirety of the issue, they are required to 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, SWMF and CIT have an LTP of Rs. 560 and Rs. 1,957 respectively.
