Last day to place bid for Deva Bikas Bank Auction ; LTP Rs 127

Today is the last day to apply for Deva Bikas Bank Auction. The auction commenced from June 15th, 2018. 

The company is auctioning 14,79,264.88 unit promoter shares and 5,40,794.71 unit ordinary shares. Bidders can bid minimum 100 units for ordinary shares whereas 1000 units needs to be applied for promoter shares. Minimum bid price needs to be Rs 100. Only existing promoters can apply for promoter shares. 

NIBL ACE Capital is managing the auction. 

Bidders can submit their bid at NIBL ACE Capital or any of its branches. The application can also be submitted in the head office of Deva Bikas Bank or Branches of Nepal Investment Bank in Surkhet, Nepalgunj, Narayanghat and Dhangadi. Payment procedure as prescribed in the form needs to be followed. 

Deva Bikas Bank had floated 40% right shares from 26th Chaitra, 2074 to 31st Baisakh, 2075. The unclaimed right shares at that time will now being auctioned. 

DBBL was last traded for Rs 127 in the stock exchange.