Jebils Finance auctioning unclaimed 3.72 lakh unit shares at Rs 100 & above from today; LTP at Rs 134

Jebils Finance Limited (JEFL) is auctioning its unclaimed 3,72,427.50 units right shares to the general public from today (Magh 7, 2074). It is selling 74,220.63 units ordinary and 2,98,206.87 unit promoter shares after the right shares issued from Ashwin 2 to Kartik 20, 2074 were not fully subscribed by its shareholders. It had offered right shares in the ratio of 1:1 (100%). Around 12.88% shares were unsubscribed. The auction will last till Magh 14, 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 for ordinary and 100 units for promoter shares. Only existing promoter can apply for promoter shares. Sunrise Capital Limited is the issue manager for this auction. The finance company has urged interested bidders to submit their bids within banking hour till Magh 14, 2074 at Sunrise Capital Limited, Kamalpokhari, Kathmandu or also in designated branches of Sunrise Bank Limited. The investors applying for the auction can deposit the bid amount in the account number 0690371114401004 maintained at Sunrise Bank Limited, Kamalpokhari in the name of Sunrise Capital Limited or can apply through Good for Payment cheque. JEFL’s 7^th AGM held on Poush 27, 2073 had endorsed the agenda to issue 1:1 right shares and 12.50% bonus shares to its shareholders. It has paid up capital of Rs 28.89 crore. After issuance of 100% right share, its paid up capital will rise to Rs 57.78 crore. Its paid up capital will reach to Rs 80.91 crore from existing Rs 57.79 crore after adjustment of 40% right shares  for which JEFL is  seeking approval from SEBON. It had posted net loss of Rs 25.71 lakh in the first quarter of the FY 2074/75. Its last traded price (LTP) stood at Rs 128 as of last trading day. Announcement: