Narayani Development Bank Invites Bids for Unsubscribed Rights Shares

26th November 2025, Kathmandu

Narayani Development Bank Limited, a Class B financial institution licensed by Nepal Rastra Bank (NRB), has announced the auction sale of a substantial number of its unsubscribed rights shares.

Narayani DBL Invites Bids

This sealed competitive bidding process is being conducted to offload the remaining shares from a previous rights issue that were not claimed by existing shareholders.

Details of the Auctioned Shares

The total shares up for auction comprise a mix of both promoter and general public shares that were left unclaimed after the rights issue subscription period closed on August 25.

Promoter Shares: The largest block for sale is the 603,162 units of promoter shares.

General Public Shares: A total of 18,444 units of general public shares are also included in the auction.

Total Shares on Offer: The grand total of shares being sold through auction is 621,606 units.

Minimum Bid Price: In line with regulatory requirements, the minimum price per share has been set at NPR 100 (par value). Interested bidders must submit their confidential bids at a price of NPR 100 or above per share. The shares will be allotted to the highest bidders until the total quantity is exhausted.

Regulatory Compliance and Auction Procedure

The auction is a mandatory regulatory step that financial institutions must follow to fully capitalize on a rights offering when it is not fully subscribed by existing shareholders.

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Legal Basis: The decision to sell the unsubscribed shares via auction adheres to the NRB’s Integrated Directive 2081 and the Securities Issuance and Distribution Directive 2074 (Clause 15). These directives ensure that unclaimed shares are sold transparently and at a market-determined price, benefiting the issuing institution.

Eligible Bidders: The auction is open to a broad range of investors, including interested individuals, institutions, or companies. Bidders must submit a sealed bid quotation, indicating the price per share they are willing to pay for the desired quantity.

Deadline: All sealed bids must be received by the designated collection centers by December 11, 2025 (Mangsir 25, 2082).

Bid Opening: The collection centers will forward the sealed bids to the issue manager, and the bids will subsequently be opened on a date and at a venue to be notified nationally.

Application Submission Centers

The bank has appointed Global IME Capital Limited as the issue and sales manager for the auction. Applications can be submitted at the capital’s central office as well as several branches of its parent bank, Global IME Bank Limited.

Issue Manager: Global IME Capital Limited, located at Naxal, Kathmandu.

Global IME Bank Branch Offices: The bids can also be submitted at the following branch offices of Global IME Bank Limited in major industrial and commercial centers:

• Biratnagar
• Aradesh Nagar, Birgunj
• Hetauda
• Narayangadh
• Neurod, Pokhara
• Butwal – Milan Chowk
• Surkhet
• Dhangadhi

The auction presents a crucial opportunity for the development bank to finalize its capital restructuring efforts following the previous rights issue, which was open from Shrawan 2 to Bhadra 9, 2082. The successful sale of these shares is vital for strengthening the bank’s capital base and complying with regulatory capital adequacy requirements.

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