Kamana Sewa auction extended by 1 day ; today last day to bid for 8.49 lakh unit Shares

Today is the last day to bid for Kamana Sewa Bikas Bank Auction. Though the auction was schduled to close yesterday, the auction manager company has extended it by a day. The extension is due to the public holiday on 30th Baisakh, 2075 which hindered the submission of bid application forms. 

Kamana Sewa Bikas bank has been auctioning the unsold right shares from 24th of Baisakh, 2075. This includes 2,12,146.84 unit ordinary shares and 6,37,816.93 units promoter shares. 

The interested applicants can collect the forms from NMB Capital or designated branches of NMB Bank and Kamana Sewa Bikas Bank in the major cities. The minimum application units for promoter shares is 1000 whereas the same for ordinary shares is 100 units. The units necessarily has to be in multiple of 10. The bid price should be more then the face value i.e. Rs 100. 

Kamana Sewa Bikas Bank had floated 15% right shares from Magh 15th to Falgun 20th. The unsold right shares at that time are now being auctioned. 

Kamana sewa is the bank formed after the merger of Kamana bikas bank and Sewa Bikas Bank. The Bank currently has a paid up capital of Rs 2.05 arba. The capital will hike to Rs 2.36 ara after the capitalization of right issue. The bank further needs Rs 14 crores to meet the capital requirement for national level development banks.