These Two Companies Are Auctioning Their Promoter Shares From Today
The existing promoters of Nepal Credit & Commerce Bank Limited and Citizens Bank International Limited are auctioning 26,33,136 unit and 2,65,999 unit promoter shares respectively to the general public from today i.e 29th Ashad and will conclude on Shrawan 11, 2079.
Nepal Credit & Commerce Bank Limited (NCCB) is auctioning 26,33,136 unit promoter shares. Rs. 131 is the minimum bid rate for the auction. While the minimum bid quantity for shares is 1000 units, there is no upper limit for both shares. 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. Individuals, institutions, and companies are all eligible to bid for the auction.
Sunrise Capital Limited is appointed the auction manager. Bids will open at the premises of auction manager on Shrawan 12, starting from 11 am that day. As of writing, the LTP of NCCB is Rs. 201.
Similarly, The existing promoter of Citizens Bank International Limited (CZBIL) is auctioning 2,65,999 unit promoter shares from today.
Rs. 152 is the minimum bid rate for the auction. While the minimum bid quantity for shares is 1000 units, there is no upper limit for both shares. 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. Individuals, institutions, and companies are all eligible to bid for the auction.
Sunrise Capital Limited is appointed the auction manager. Bids will open at the premises of auction manager on Shrawan 12, starting from 2 pm that day. As of writing, the LTP of CZBIL is Rs. 200.
