Mithila Laghubitta Bittiya Sanstha Limited (MLBBL) had closed the auction of unsold 21,642.69 units right shares from Baisakh 27, 2076. This bid was opened since Baisakh 20. Today was the bid opening day for the auction.
The company was auctioning 13,977.78 units of promoter right shares and 7,664.91 units of ordinary right shares. BOK Capital Limited has been appointed as the issue manager for the auction.
As per the issue manager, the tentative cut off price for ordinary shares stands at Rs.465 and that of promoter shares stands at Rs.108. 203 applicants applied for ordinary shares while 14 applicants applied for promoter share. However, this is the tentative data and the verification is still going on. The final data will be available till tomorrow.
The microfinance company was issuing 329,889.69 units as 50% right shares at par value. After the adjustment of 50% right shares and 10.45% bonus shares, the paid-up capital of MLBBL will reach Rs.10.59 Crore.