Last day to apply for auctioned shares of Samata Microfinance; Company auctioning 1.61 lakh units promoters and ordinary shares

Samata Microfinance Bittiya Sanstha Limited (SMATA) will be selling its unsold right shares via auction from Poush 11, 2076. The auction for the 161,738 unit shares will be closed on Poush 22, 2076.

The microfinance company is auctioning 84,598 unit promoter shares and 77,140 unit ordinary shares.

NIBL Ace Capital has been appointed as the issue manager for the auction.

The bids can be placed for a minimum of 10 units for the ordinary shares and 5,000 units for the promoter shares. The minimum bid price has been set as Rs.100 i.e. the interested bidders can place their bids above Rs.100.

For the promoter shares, priority will be provided to the existing promoters of the company.

The microfinance company has urged the interested bidders to deposit the entire bid amount in the A/C no 0010006577000007 of Kumari Bank Limited in the name of NIBL Ace Capital Limited.