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Muktinath Bikas Bank Opens Massive 1.56 Lakh Unit Promoter Share Auction to the General Public

Muktinath Bikas Bank is auctioning 156,283 units of promoter shares from Jestha 7 to Jestha 14 at Rs 100 base price.

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Muktinath Bikas Bank Opens Massive 1.56 Lakh Unit Promoter Share Auction to the General Public

Muktinath Bikas Bank Limited (MNBBL) has officially launched an auction for 156,283 units of its promoter shares, making them available to the general public, existing promoters, and institutional investors. The subscription window opened today, Jestha 7, and is scheduled to close on Jestha 14, 2083. The bank has established a minimum bid rate of Rs. 100 per share, with a mandatory minimum application quantity fixed at 25,000 units. While eligible bidders are permitted to vie for the entirety of the auctioned volume, they must strictly adhere to the maximum shareholding limits per entity stipulated by Nepal Rastra Bank (NRB) regulations. Muktinath Capital Limited has been appointed as the issue manager to oversee the entire bidding and allotment process.

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