Last day to place your bid for 7.53 lakh unit auction of Bhargav Bikas Bank ; LTP Rs 139

Today is the last day to bid for 7.53 lakh unit auction of Bhargav Bikas Bank. 

The auction commenced from 3rd Jestha and is ending today. This includes hefty 6,67,706 unit promoter shares and 85,664 unit ordinary shares.

NMB Capital is managing the auction.

Interested bidders can bid for minimum 100 units at a price Rs 100 or more. However, only promoter can bid for promoter shares. Payment procedure should be as prescribed in the forms. 

Bhargav Bikas Bank had floated 80% right for the shareholders. The paid-up capital of the company will reach Rs 47.52 crores. The bank being a 3-region development bank, needs to have a paid-up capital of Rs 50 crores. Thus, bank needs 5% more to meet the paid-up requirement.