Namaste Bittiya Sanstha to auction unsold 7,951 units ordinary shares at Rs 100 & above from Chaitra 21; LTP at Rs 365

Namaste Bittiya Sanstha Limited (NBSL) will be auctioning its ordinary right shares to general public from Chaitra 21, 2073. As per the notice published by the microfinance company today, the company is selling 7,951 units ordinary right share after the rights shares issued on Poush 8, 2073 were not fully subscribed by the investors. The company had offered right shares at the ratio of 1:1. The auction will last till Chaitra 27, 2073. The bid will open to conclude the auction on Chaitra 28, 2073 at 4:00 PM. Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. Interested applicants must bid for a minimum of 100 units of the scrip or above. NMB Capital Limited is the issue manager for this auction. The microfinance has urged the interested bidders to submit their bids by 3:00 PM till Chaitra 27 at the NMB Capital located at Nagpokhari, Kathmandu. The investors applying for the auction can deposit the bid amount in the account name NMBCL-Right Namaste BSL2073/74 and account number 00130600054010000172 of NMB Bank Limited. The last trading price of the shares stood at Rs 365 as on March 14, 2017.