Auction Alert! NADEP Laghubitta unsold 61,236 unit ordinary right shares auction opens from today
Sun, Mar 3, 2019 6:50 AM on Auction, Latest, Stock Market,
NADEP Laghubitta Bittiya Sanstha Limited (NADEP) is selling its unsold right shares via auction from today (Falgun 19, 2075). The bids for 61,236 unit ordinary shares will be accepted till Falgun 28, 2075.
The microfinance has urged the interested bidders to place applications 100 units of ordinary shares. The minimum bid price has been set as Rs 100 so the bids should be placed above Rs 100.
Nabil Investment Banking Limited has been appointed as the issue manager for the auction of the shares. The application form can be collected and deposited in Nabil Bank Limited designated branches (Adarshanagar-Birgunj, Birendranagar-Surkhet, Karkando-Nepalgunj and Mainroad), Nabil Investment Banking Limited, Naksal, Kathmandu and NADEP offices-Biratnagar, Pokhara and Butwal.
The bidders should deposit the entire bid amount in the A/C no 3501017500872 of Nabil Bank in the name of Nabil Investment Banking Limited.
The microfinance company had floated 16 lakh unit shares as right shares for its shareholders. Out of the issued units, the company has allotted 15,38,764 units to the valid applicants.
After the adjustment of 100% right shares and recently announced 30% bonus share, the paid-up capital of the company will reach Rs 36.80 crore.
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