Last day to bid 2.49 lakh units shares of Seti Finance at Rs 100 & above; LTP at Rs 143

Seti Finance Limited (SETI) has been auctioning its ordinary and promoter right share to the general public from Falgun 11, 2073 and today is the last day to bid for the same. The finance company has been selling 66,682.14 units ordinary shares and 1,83,235.86 promoter shares after the rights shares issued on Mangsir 1, 2073 were not fully subscribed by the investors. The development bank had offered right shares at the ratio of 1:1.5. The bid will open to conclude the auction on Falgun 22, 2073 at 3:00 PM. In case of any holiday on that day, the bid will open to conclude next working day at 3:00 PM. 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. NIBL Capital Markets Limited is the issue manager for this auction. The bank has urged interested bidders to submit their bids within office hour till Falgun 19, 2073 at Seti Finance Limited, Tikapur, Kailali or at NIBL Capital Markets Limited, Lazimpat, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 00115174130 of Siddhartha Bank Limited, Hattisar, Kathmandu. Its last traded price stood at Rs 143 as on March 1, 2017.