Narayani Development Bank to Auction Unclaimed Rights Shares from November 27
20th November 2025, Kathmandu
Narayani Development Bank Limited has scheduled an auction for its unclaimed rights shares, initiating the sale process from November 27.
NDBL Unclaimed Rights Shares
This crucial step follows the recent rights issue where a significant number of shares remained unsubscribed by existing shareholders. This auction provides an opportunity for new and existing investors to acquire shares in the development bank at a competitive bidding price.
Details of the Auctioned Shares
A total of 621,606 units of rights shares that were not claimed during the initial offering will be sold through this sealed-bid auction process. The shares are segregated into two distinct categories, each with its own set of rules and eligibility requirements.
Promoter Shares: The vast majority of the shares, totaling 603,162 units, belong to the promoter shareholder category.
Public Shares: The remaining portion, 18,444 units, belongs to the public shareholder category, open for bidding by the general public.
Global IME Capital has been officially appointed as the issue manager to oversee the entire auction process, including application collection, bid opening, and allotment.
Bidding Rules and Requirements
The auction is structured with clear financial and minimum quantity requirements to ensure a smooth and regulated bidding process.
Minimum Bidding Price: The lowest acceptable price (the floor price) has been set at Rs 100 per share. Bidders must ensure their submitted price is at or above this floor.
Minimum Application Quantity: Interested bidders must apply for a minimum of 100 shares in the auction.
Maximum Application Limit: There is no upper limit on the quantity an interested bidder can apply for. This allows qualified investors to apply for the entirety of the available shares if they choose, as long as they abide by the regulatory limits set by Nepal Rastra Bank (NRB).
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Application Deadline: The deadline for submitting sealed bid forms is Mangsir 25, 2082.
Eligibility Criteria and Regulatory Compliance
The auction of promoter shares is subject to stringent regulatory compliance measures enforced by the central bank.
Promoter Share Eligibility: Applicants wishing to bid for the promoter shares must meet all eligibility criteria mandated by Nepal Rastra Bank (NRB) under its Fit and Proper Test guidelines. These guidelines are put in place to ensure that individuals or institutions holding controlling stakes in banks and financial institutions (BFIs) possess the necessary integrity, financial soundness, and professional competence to manage the institution responsibly. These checks typically involve a comprehensive review of the bidder’s background, financial history, and non-involvement in any criminal activity or past blacklisting by any bank or financial institution.
Public Share Eligibility: Shares in the public category are generally open to all individuals, institutions, and companies, provided they meet the minimum bidding criteria.
Where and How to Apply
Investors have multiple options for collecting and submitting the required sealed bid forms, catering to applicants both inside and outside the Kathmandu Valley.
Kathmandu Valley Applicants: Investors located within the Kathmandu Valley must collect and submit their sealed bid forms directly at the office of the issue manager, Global IME Capital, located in Naxal.
Outside Kathmandu Applicants: For investors outside the capital, Narayani Development Bank has facilitated application submission through select branch offices of Global IME Bank. These designated branches include:
Regional Centers: Biratnagar, Hetauda, Birgunj, Pokhara, Surkhet, Butwal, and Dhangadhi.
Local Branch: Narayangadh.
Background of the Rights Issue
This auction follows the development bank’s recent issuance of 100 percent rights shares (a 1:1 ratio) to its existing shareholders. This offering was open for subscription between September 18 and October 26. The rights issue had received prior approval from the Nepal Securities Board (SEBON) on July 31. The shares now being auctioned are those that were not subscribed during this extended rights issue period.
For More: NDBL Unclaimed Rights Shares
