Kathmandu. Six companies are going to sell shares in the stock market through auction process. Nepal Credit and Commerce Bank, National Microfinance, Civil Bank, NECO Insurance, Nepal Clearing House and Civil Microfinance will sell the shares through auction process. Of the six companies, Civil Microfinance has been opening sales since September 10, while the rest have already opened sales.

 As many as 11,608 shares of the founders and 89,450 shares of the general public are to be sold at auction till November 20. In the secondary market, the share price of civil microfinance is Rs. 724 per share.

Nepal Credit and Commerce Bank has opened the sale of 500,000 founder shares in the market for auction from September 19 to October 20. The bank has opened the sale of the shares owned by Nepal Insurance Company Limited through auction process.

There is an arrangement to apply for the purchase of shares of NCC Bank with a minimum price of Rs 110 per share. In the secondary market, NCC Bank's founder's share price was Rs 116 per share on Thursday.

Similarly, Civil Bank Limited has opened sale of 8 lakh 67 thousand 604 shares on behalf of the founder in the auction till October 12. The share price of Civil is set at Rs 100 per share. Based on the price, bids can be made for a minimum of 10,000 lots and a maximum of the entire lot. The share price of the founder of Civil is Rs. 100 per share.

The founder shares of Nepal Clearing House Limited, which has not been listed in the stock market so far, are open for sale in the auction from September 8 to October 10.

The company has opened sale of 298,080 founder shares in the name of SmartChoice Technologies Limited at auction. The minimum price of this share has been fixed at Rs 350. A minimum of 50,000 lots and a maximum of the entire lot can be demanded for the purchase of this share.

NECO Insurance Limited has also set a price of Rs. 393 per share and has opened sale of 1,070,206.84 founder shares till October 20. A minimum of 5,000 lots and a maximum of the entire lot can be demanded for the purchase of shares of NECO Insurance. In the secondary market, the share price of NECO Insurance is Rs 820 per share.

The National Microfinance Microfinance Financial Institution Limited, which is priced at Rs 1,550 per share in the secondary market, has opened sale of 110,000 founder shares in the auction from September 20. The company has opened the sale of the shares at a minimum price of Rs 725 per share.

 For the purchase of this share, a minimum of one thousand lots and a maximum of the entire lot must be applied for by 2 October. These companies have created an environment for buying shares through bidding when it is difficult to easily buy and sell the listed founder shares in the secondary market. It is mentioned in the notice issued by the companies that special priority will be given to the founding shareholders of the existing related companies for the purchase of these shares.