Last day to bid 1,940 units & 2.53 lakh units unclaimed auction shares of Mirmire Microfinance & Siddhartha Bank respectively

Mirmire Microfinance Development Bank Limited (MMFDB) and Siddhartha Bank Limited (SBL) are closing its auction shares today (Bhadra 14, 2074). The application for the bid was open from Bhadra 6, 2074. Mirmire microfinance is selling 1,940 units ordinary shares after the right shares issued on Ashad 5, 2074 were not fully subscribed by its shareholders. It had offered right shares at the ratio of 1:0.5. The bid will open to conclude the auction on Bhadra 16, 2074 at 11:00AM. 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. Prabhu Capital Limited is the issue manager for this auction. The bank has urged interested bidders to submit their bids by 3:00 PM till today at Prabhu Capital located at Kamaladi, Kathmandu. The investors applying for the auction can deposit the bid amount in the name of Prabhu Capital Limited in account number 13511600631816000004 of Prabhu Bank Limited located at Kamaladi, Kathmandu. MMFDB has earned net profit of Rs 1.54 crore in the fourth quarter of the last FY 2073/74. Its last traded price stood at Rs 3335 as on August 28, 2017. Also, MMFDB will be convening its SGM on Bhadra 26, 2074 to endorse 100% right shares and to increase authorized capital to Rs 20 crore along with expansion of 10 more working districts. Siddhartha Bank is selling 1,3550.87 units promoter shares and 2,40,371.26 units ordinary shares after the right shares issued on Jestha 25, 2074 were not fully subscribed by its shareholders. The bank had offered right shares at the ratio of 10:3. Around 1.61% of the total right issue was unsubscribed. The bid will open to conclude the auction on Bhadra 15, 2074 at 7:00 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. The number of shares applied must be a multiple of 10. Siddhartha Capital Limited is the issue manager for this auction. The bank has urged interested bidders to submit their bids by 3:00 PM till today at Siddhartha Capital located at Naxal, Kathmandu. The investors applying for the auction can deposit the bid amount in the name of Siddhartha Capital Limited in account number 00115207281 of Sidddhartha Bank Limited located at Hattisar, Kathmandu. SBL has earned net profit of Rs 1.41 arba in the fourth quarter of the last FY 2073/74. Its last traded price stood at Rs 431 as on August 28, 2017.