Kumari Bank selling 11.41 lakh unit shares from today ; General public can also apply for promoter shares

Kumari Bank is auctioning 11,41,374.50 unit shares to the general public fo today. The auction is scheduled to end on  Ashadh 29, 2075.

 This includes 5,01,921.69 unit promoter shares, for which both promoter and the general public can bid however first priority will be given to promoter. The rest 639,452 units are ordinary type shares for which any general public can apply. 

Interested bidders can bid for Minimum of 100 units for ordinary share and 1000 units for the promoter share that should be multiple of 10. The minimum bid price should be Rs 100. The forms can be collected and submitted in NIBL ACE capital or any stated branches of Kumari bank. 

NIBL ACE Capital will be managing the issue. 

The paid-up capital will reach 7.15 arba after capitalization of 20%  right shares. Thus, the bank can possibly issue bonus shares of 12% to meet the capital requirement set by the central bank. 

The shares of Kumari Bank was last traded for Rs 202 in the stock exchange.