6 companies auctioning 60.69 lakh units shares next week ; See if the shares suit your portfolio

6 companies are all set to auction their unsold right shares in coming next week. The massive auction contains 60.69 lakh unit shares in total. The offered shares includes both ordinary and promoter of various companies namely : Siddhartha bank, Civil Bank, Bhargav Bikas Bank, Prime Life Insurance, Karnali Bikas Bank and Best Finance Company.

Though promoter shares of siddhartha and bhargav bikas bank will be available only for existing promoters, the same for other companies will also be available for the general public also. Ordinary shares of all the company will be available for general public. The details of companies, type of shares, units are listed below :

Karnali Development Bank will auction 300,918 unit ordinary and 14,61,270 units promoter shares from May 14th. The company has appointed Prabhu capital as the issue manager. Auction will end on 21st May. The interested applicants can submit the forms at Prabhu Capital, Kamaladi. 

• Karnali Development Bank Branch : Nepalgunj, Tulsipur, Ghorahi, Lamahi, Kohalpur and Bardiya. 
• Prabhu Bank Branch : Biratnagar, Birgunj, Pokhara, Butwal, Narayanghat, Surkhet and Dhangadi 

Siddhartha Bank will auction 174,316 unit ordinary and 40,020 units promoter shares from May 17th. The company has appointed siddhartha capital as the issue manager. The applications can be submitted to siddhartha Capital, Naxal, Kathmandu or Siddhartha Bank branches in Biratnagar, Surkhet, Birgunj, Nepalgunj, Pokhara, Butwal and Dhangadi. Only existing promoter can apply for promoter shares. Auction will end on 24th May.  

Civil Bank will auction 29,92,210 units promoter shares from May 16th. The company has appointed laxmi capital as the issue manager. The applications can be submitted to Laxmi Capital, New Baneshwor, Kathmandu only. Auction will end on 23rd May.  

Bhargav Bikas Bank will auction 85,664 unit ordinary and 6,67,706 units promoter shares from May 17th. The company has appointed NMB capital as the issue manager. The applications can be submitted at NMB Capital, Naagpokhari, Kathmandu or NMB Bank branches in Biratnagar, Surkhet, Birgunj, Pokhara, Butwal and Dhangadi. The bid can also be submitted in Bhargav Bikas Bank's head office in Nepalgunj. Only existing promoter can apply for promoter shares. Auction will end on 24th May.

Prime Life Insurance will auction 271,978 unit ordinary shares from May 16th. The company has appointed Laxmi capital as the issue manager. The applications can be submitted at Laxmi Capital, New Baneshwor, Kathmandu or Laxmi Bank branches in Biratnagar, Surkhet, Birgunj, Pokhara, Butwal, Nepalgunj and Dhangadi.  Auction will end on 23rd May.

Best Finance Company will auction 75,340 unit promoter shares from May 14th. The company has appointed Global IME Capital as the issue manager. The applications can be submitted at Global IME Capital, Nachghar or branches of Global IME bank in Birgunj, Biratnagar, Pokhara, Butwal, Nepalgunj, Surkhet and Dhangadi. Auction will end on 22nd May.

See all the ongoing and upcoming investment opportunities here : http://nepsekhabar.com/investment