14th April 2025, Kathmandu
Nepal Investment Mega Bank will start an auction of 850,000 shares from its founder group on Baisakh 2, 2082 (April 15, 2025). The auction will offer these shares to the bank’s founder shareholders only. The minimum price set for each share is NPR 101.
NIMB Group Share Auction 2025
The bank will sell 850,000 shares, part of the founder group’s holdings, through this auction. Currently, only the founder shareholders are eligible to buy these shares. These shareholders must submit their bids at or above the set minimum price.
The auction process begins on April 15, and shareholders have until April 22, 2025 (Baisakh 9) to submit their bids. The bank has specified that all bids must be submitted by 3:00 PM on April 22. The bids should be submitted at the Muktinath Capital office in Naxal, Narayanchaur, Kathmandu.
Auction Procedure and Expectations
The auction aims to raise capital for the bank and improve its shareholder structure. Since only founder shareholders can participate, the number of bidders will be limited. However, the auction is expected to be competitive, given the high interest in the shares.
Once the bids are collected, the bank will allocate the shares based on the highest offers. The auction system ensures that the process is transparent and fair for all participating shareholders.
The minimum bid price of NPR 101 means that the bidding will start from this price or higher. Therefore, interested buyers should be prepared to meet this requirement or bid a higher amount. This method ensures that the shares are sold at a fair value while also attracting serious investors.
Key Dates to Note
Auction Start Date: Baisakh 2, 2082 (April 15, 2025)
Deadline for Bid Submission: Baisakh 9, 2082 (April 22, 2025), by 3:00 PM
Location for Bid Submission: Muktinath Capital, Naxal, Narayanchaur, Kathmandu
Why This Auction Matters
This auction is a significant step for Nepal Investment Mega Bank. It will help the bank raise funds and increase the diversity of its shareholders. The auction also reflects a growing interest in financial markets and banking shares in Nepal.
The process is expected to bring more investors into the fold. It is also seen as an opportunity for the bank to strengthen its capital base. This move is likely to have a positive impact on the bank’s future growth and stability.
Looking Ahead
As the auction date approaches, both the bank and its founder shareholders are preparing for the event. This auction could set a precedent for future share offerings by other Nepali financial institutions. The transparency of the auction process will help boost confidence in Nepal’s capital market.
Conclusion
The 850,000 share auction by Nepal Investment Mega Bank represents an important step toward strengthening the bank’s capital structure and expanding its ownership base. Founder shareholders will have the chance to participate, with the auction expected to be highly competitive. Interested parties must ensure their bids are submitted on time. This auction is a key event for the bank and Nepal’s growing financial sector.
For more: NIMB Group Share Auction 2025