Last day to bid 26,884 unit ordinary right shares of First Microfinance; LTP stands at Rs 554

First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) has published a notice regarding the auction of its unsold right shares from Jestha 23,2075 till Jestha 30,2075 i.e. today.

The bank had floated 22,81,313 unit right shares at par value of Rs 100 on Falgun 18,2074. The bank has allotted 22,54,179 unit right shares to 5,246 applicants.

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.

Global IME capital limited has been appointed as the issue manager for the auction. The bidders can collect the forms from Global IME capital Limited or from the designated branches of FMDBL or all ASBA-approved members’ banks and financial institutions

The microfinance company has urged the bidders to deposit the bid amount in A/C No 0111010011071 in the name of Global IME Capital or through Good for Payment Cheque.