Last day to bid 15, 903 units ordinary shares of Laxmi Laghubitta at Rs 100 & above

Investors interested in acquiring shares of Laxmi Laghubitta Bittiya Sanstha Limited (LLBS) have one more day to file their bids for the auctioned ordinary shares. The deadline for submitting bids for the auctioned unsold right shares is ending today (Poush 12, 2073). Laxmi Laghubitta has been auctioning 15,903 ordinary right shares to general public from Poush 6, 2073. The microfinance company has been selling 15,903 units ordinary share after the right shares issued on Ashwin 14, 2073 were not fully subscribed by the investors. The microfinance company had offered right shares at the ratio of 1:1. The bid will open to conclude the auction on Poush 13, 2073 at 10:00 AM. 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. NMB Capital Limited has been assigned as the issue manager for this auction. The company has urged interested bidders to submit their bids by 2:30 PM till Poush 12 at NMB Capital located at Nagpokhari, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 00130600054010000161 of NMB Bank Limited. Its last traded price stood at Rs 1,206 as on December 20, 2016. Recently, Laxmi Laghubitta has proposed 20 percent cash dividend to its shareholders from the profit it earned in the last fiscal year 2072/73. Those eligible shareholders of 100% right share of the microfinance company will get only 10 percent cash dividend. Laxmi Laghubitta has earned net profit of Rs 2.48 crore in the first quarter of the fiscal year 2073/74 as per unaudited report.