NMB Bank Auctioning 67,706 Units Promoter Shares to the General Public and Institutions From 16th Chaitra
The existing promoters of NMB Bank Limited (NMB) are selling its 67,706 units of promoter share in an auction from 16th Chaitra to 23rd Chaitra, 2079.
67,706 units of promoter shares will be auctioned. Individual investors, companies, and institutions are all eligible to bid in an auction. Rs. 180 is the minimum bid rate. The minimum bid quantity for promoters’ shares is 5000 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.
NMB Capital Limited is the auction manager. Bids will open at the premises of the auction manager on Chaitra 24 starting at 10 am that day.
As of writing, NMB has an LTP of Rs. 229.9.
