NIC Asia Bank Limited (NICA) is overseeing the auction of promoter shares for Nepal Infrastructure Bank Limited (NIFRA), which began on 10th Ashadh, 2081, and concludes today, 17th Ashadh, 2081.
A total of 10,00,000 unit promoter shares of NIFRA are being auctioned. Qualified interested promoter shareholders, the general public, companies, and institutions are eligible to participate in the NIFRA auction. The minimum bid rate is set at Rs. 101, and the minimum bid quantity for promoter shares is 10,000 units. Bidders can bid for the entire issue but must adhere to the Nepal Rastra Bank’s regulations, ensuring they do not exceed the specified quantity of shares per entity.
NIC Asia Capital is managing the auction. As of now, NIFRA has a Last Traded Price (LTP) of Rs. 188.90.