Narayani Development Bank is Auctioning 3,06,597 Units Promoter Shares From 18th Magh
Summary
Narayani Development Bank is auctioning 3,06,597 units of promoter shares from 18th Magh to 4th Falgun, 2082, following an earlier undersubscription. Bids start at Rs. 100 per share with Global IME Capital managing the auction.
Key Points
- Narayani Development Bank is auctioning 3,06,597 units of promoter shares from 18th Magh to 4th Falgun, 2082.
- An earlier auction of rights shares left 6,03,162 units unsubscribed, with bids received for only 2,96,565 units in a prior auction.
- The current auction is a sealed-bid format open to existing promoters, the general public, and institutions.
- Global IME Capital is appointed as the auction manager with a minimum bid rate of Rs. 100 and a minimum quantity of 100 units per bid.
