Opening day of United Insurance 4.99 lakh units share auction; investors can apply auction till Mangsir 17
Tue, Nov 26, 2019 9:36 AM on Auction, Latest, Stock Market,
United Insurance Company (Nepal) Limited (UIC) is opening the auction of 4,99,192.6 units share from today (Mangsir 10, 2076). Out of which 1,57,649.60 units promoter share and 3,41,543 units ordinary share are on auction till Mangsir 17, 2076.
The company had issued 240% (1:2.4) right shares for its shareholders from Bhadra 03, 2076 to Ashoj 23, 2076.
NMB Capital Limited has been appointed as the issue manager for the right issue.
The minimum bid price has been set at Rs 100. Similarly, applicants cal apply for a minimum of 100 units and a maximum of 1,57,469.60 units for promoter shares and 3,41,543 units for ordinary shares.
The applicant can either attach good for payment cheque or deposit voucher with the bid form. The amount can be deposited at following account:
Bank: NMB Bank
Account name: NMBCL-RIGHT UICNL 2075/76
Account number: 0010005401002563
The applications can be submitted at the following branches of NMB Bank:
The existing paid-up capital of the company is Rs 30.24 crore and after the 240% right shares issue and auction, the paid-up capital will rises to Rs 102.81 crore.
