Civil Bank Auction; Recent Update

The bid opening program of civil bank is taking place in Hira Palace Banquet, New Baneshwor. The program started at 9:30 am. 

A total of 4440 applications were received for ordinary shares. As of 11 am , 500 applications were opened. An application with a bid price as high as 180 was received. The applicant applied for 1000 units.

The massive auction of Civil Bank started from 23rd Falgun and ended on 1st chatra 2074. Any general public could bid for ordinary shares. However, Only existing promoters were eligible to bid for promoter shares. 

The company had announced to auction 42.38 lakh units of unclaimed right shares. This included 9.94 lakh units ordinary and 32.44 lakh units promoter shares. 

Laxmi Capital Market is managing the issue.Interested applicants could bid 100 or more unit of shares at a price Rs 100 or above. Applicants bidding the highest price will be allotted with shares. 

Civil Bank was last traded at Rs 150 in the stock exchange.