Guheswori Merchant & Banking Finance auctioning unclaimed 45,876.76 unit shares at Rs 100 & above from Poush 13; LTP at Rs 190

Guheswori Merchant & Banking Finance Limited (GMFIL) will be auctioning its unclaimed  45,876.76 units right shares to the general public from Poush 13, 2074. As per the notice published, it will be selling 45,876.76 units ordinary shares after the right shares issued from Kartik 12 to Mangsir 18, 2074 were not fully subscribed by its shareholders. It had offered right shares in the ratio of 10:4 (40%). Around 2.32% shares were unsubscribed. The auction will last till Poush 20, 2074. 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. NIBL Capital Markets Limited is the issue manager for this auction. The finance company has urged interested bidders to submit their bids within banking hour till Poush 20, 2074 at NIBL Capital Markets Limited, Lazimpath, Kathmandu or also in designated branches of Nepal Investment Bank Limited. The investors applying for the auction can deposit the bid amount in the account number 0124524616397017 maintained at Kumari Bank Limited, Putalisadak in the name of NIBL Capital Markets Limited or can apply through Good for Payment cheque. After issuance of 40 percent right share, the paid up capital will reach to Rs 69.08 crore from existing Rs 49.34 crore. The bank has authorized capital of Rs 80 crore. Its public-promoter share structure stands at 51:49 ratios. To meet the capital requirement as directed by Nepal Rastra Bank, it should further hike its capital by Rs 11 crore (around 15.80)%. GMFIL has earned net profit of Rs 1.59 crore in the first quarter of the FY 2074/75. Its last traded price (LTP) stood at Rs 190 as of last trading day. Announcement: