Last day to bid 2,797 unit auctioned shares of Reliable Microfinance; LTP at Rs 1,920

Reliable Microfinance Bittiya Sanstha Limited (RMFL) is closing its auction for 2,797 units ordinary shares today (Asoj 25, 2074). The auction was open from Asoj 17, 2074. The microfinance company is selling 2,797 units ordinary shares after the right shares issued from Ashad 25, 2074 to Shrawan 29, 2074 were not fully subscribed by its shareholders. The company had offered 2,82,500 units right shares in the ratio 2:1 and around 0.99% of the total right issue was unsubscribed. 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 share. The number of shares applied must be a multiple of 10. Civil Capital Market Limited is the issue manager for this auction. The bank has urged interested bidders to submit their bids by 3:00 PM till today (Asoj 25, 2074) at Civil Capital Market located at Sundhara, Kathmandu. The investors applying for the auction can deposit the bid amount in the name of Civil Capital Market Limited in account number 00210000482018 of Civil Bank Limited. RMFL has earned net profit of Rs 1.12 crore in the fourth quarter of the last FY 2073/74. Its last traded price stood at Rs 1,920 as of last trading day.