Kamana Sewa Bikas Bank to sell 8.49 lakh unit shares ; auction commencing from today

Kamana Sewa Bikas bank is auctioning the unsold right shares from today (24th of Baisakh, 2075) and will end on 31st Baisakh. 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 shareholders having the shares at the time of bookclose were eligible for the right. 

The company's shareholder bookclosed on Magh 3rd. 

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.