Cutoff Price for auction of unsold rights of MSLB stands at Rs.1164; issue receives 145 applicants for 9,453 units

Mahuli Samudayik Laghubitta Bittiya Sanstha Limited (MSLB) had closed its auction for 9,453 units of unsold right shares from Falgun 13, 2075 while the bid opening date was on Falgun 19, 2075.

Sunrise Capital Limited has been appointed as the issue manager for the auction of the shares. As per the issue manager, the cutoff price stands at Rs.1164 while the maximum bid price stands at Rs.1323 per share. A total of 145 applicants had placed bids for the auction. The issue has been fully subscribed. As per the officials of Sunrise Capital, the issue hasn’t been allotted yet.

Currently, the paid up capital of the microfinance is Rs 7.2 crore. After the adjustment of the right shares, the paid-up capital of the bank will rise to Rs 10.2 crore. The LTP of the scrip stands at Rs.1271 per share as of 5^th March 2019.

The microfinance had offered 20% bonus share to its shareholders from the profit of FY 2074/75.