Grameen Bikas Laghubitta is selling its 3,92,393 unit promoter shares and 1,90,451 unit ordinary shares in an auction

Grameen Bikas Laghubitta Bittiya Sanstha Limited (GBLBS) is selling its 5,82,844 unit shares via auction  from Shrawan 8, 2076 to Shrawan 15, 2076.

As per the notice published by microfinance company, the company will be auctioning 3,92,293 unit promoter shares and 1,90,451 ordinary shares. NIBL Ace Capital is appointed as the issue manager for the auction.

Interested bidders can get application form the NIBL Ace capital and from its different branches, some branches of Nepal Investment Bank Limited and from Green Development Bank Limited, Baglung. Application form can be get for Rs 100.

The minimum bid amount is set at Rs 100. Therefore any application placed should be Rs 100 or more. The entire bid amount should be deposited in A/C no. 0010017302500002 of NIBL Ace Capital Limited o they can deposit ‘Good For Payment Cheque’ issued in the name of NIBL Ace Capital Limited.

The microfinance company had issued 32,75,000 unit shares for its shareholders at par value of Rs 100 from Baisakh 27, 2076 to Jestha 30, 2076. Out of the total units, 26,92,156 units shares got subscribed by 50,287 eligible applicants. Still 5,82,844 units got unsubscribed which is 17.79% of total issue.