Goodwill Finance to auction unclaimed 81,725 lakh units right shares at Rs 100 & above from Ashwin 1; LTP at Rs 189

Goodwill Finance Limited (GFCL) is going to ­auction its unclaimed right shares from Ashwin 1, 2074. As per the notice published by the finance company today, GFCL will be auctioning 81,725 units ordinary shares after the right shares issued from Asadh 18,2074 to Shrawan 22, 2074 were not fully subscribed by its shareholders. The company had floated a total of 27,22,500 units right shares in the ratio 10:6 and around 3% right shares were left unclaimed. The auction will last till Ashwin 10, 2074 and the bids will be opened to conclude the auction on Ashwin 18, 2074 at 10 AM. NIBL Capital Market Limited is the issue manager for this auction. 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 bidders must bid for a minimum of 100 units of shares. Interested investors can collect bid forms from NIBL Capital Market Limited, Lazimpat, Kathmandu and submit their bids within office hours on Ashwin 10, 2074. The finance company has urged all bidders to deposit the bid amount in account number 0124524614491016 maintained in the name of NIBL Capital Markets Limited at Kumari Bank Limited. After the adjustment of the rights shares, the finance company's total paid-up capital has reached Rs 72.60 crore from existing Rs 45.37 crore. GFCL will have to issue a further capital hike of Rs 7.40 crore (around 10.20%) to meet up with minimum paid up capital requirement of Rs 80 crore by the end of FY 2073/74. GFCL has earned Rs 9.60 crore net profit in the fourth quarter in the fiscal year 2073/74. Its last traded price stood at Rs 189 as on September 7, 2017.