NICL to Auction remaining 21,57,615 Unit Promoter Shares to General Public from Bhadra 08
The existing promoters of Nepal Insurance Company Limited (NICL) is auctioning 21,57,615 unit promoter shares to the general public. The auction will open from 8th Bhadra and will conclude on 22nd Bhadra, 2079.
The general public, companies, and institutions are all eligible to bid in the auction. Rs. 325 is the minimum bid rate for the auction. While the minimum bid quantity is 100 units, there is no upper limit. 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.
Global IME Capital is appointed the auction manager. As of writing, NICL has an LTP of Rs. 480.20.
