Last day to bid for auctioned shares of Nepal Insurance

Jun 24, 2018 Merolagani

Today is the last day to bid for auctioned shares of Nepal Insurance Company (NICL). The company auctioned  161,124.10 units of unclaimed right shares including 2,177.30 units of promoter right shares and 158,946.80 units of general right shares that went unsold during its issuance.

The interested bidders can apply for the shares from NIBL Ace Capital at Lazimpat and Laldurbar, Kathmandu, Lagankhel-Lalitpur, Chipledunga-Pokhara, Traffic Chowk-Butwal, Aadarsha Nagar-Birgunj and Golchha Chowk-Biratnagar and Surkhet, Nepalgunj, Narayangadh and Dhangadhi branch of Nepal Investment Bank.

The interested bidders can bid for a minimum of 100 units of general shares and 1,000 units of promoter shares and a maximum of all shares within NRB limit at a minimum price of Rs 100.

In the third quarter of the current FY, the company earned a net profit of Rs 435.7 million and has maintained EPS of Rs 13.21, net worth per share of Rs 186.55 and P/E ratio of 87.40.

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