Last day to bid for Laxmi Bank 186,462units’ Ordinary share; Bid Opening today – ShareSansar


Today is the last day to bid for 186,462 units ordinary shares of Laxmi Bank Limited.

The bank was selling 186,462 units of ordinary right share after the rights shares issued on Ashad 06, 2072 were not fully subscribed by the investors. It had offered 10:3 ratio right shares.

The bid opening starts from 5:30 pm today (Ashwin 27).

Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100.

The bank has urged the interested bidders to submit their bids by 3:00 PM till today at the NMB Capital Limited located at Babarmahal, Kathmandu.

NMB Capital limited is the issue manager for this auction.

The investors applying for the auction can deposit the bid amount in the account name NMBCL laxmi Right share and account number 00534009977 of the LaxmiBank Limited.

Laxmi Bank had earned net profit of Rs 43.20 crore in its fourth quarter of the last fiscal year 2071/72.

The last trading price of LBL stood at Rs 516 on October 11, 2015.


Published on: ShareSansar (Oct 14, 2015)