Last day to bid for 30,844 units auctioned shares of NMB Microfinance; LTP at Rs 2,915

Investors Interested in acquiring the shares of NMB Microfinance Bittiya Sanstha Limited (NMBMF) have one more day to file their bids for the auctioned promoter and ordinary shares. The deadline for submitting bids for the auctioned promoter shares is ending today (Jestha 8, 2074) and the bids will be opened to conclude the auction on Jestha 9 , 2074 at 3:30 PM. The microfinance company is selling 15,870 units promoter shares and 14,974 units ordinary shares after the right shares issued on Mangsir 6, 2073 were not fully subscribed by its shareholders. The microfinance company had issued right shares in the ratio 1:1.2. Interested bidders can apply for a minimum of 100 units shares. The minimum bid amount is Rs 100 per share. NMB Capital Limited is the issue manager for the auction. Interested bidders can collect auction forms from NMB Capital, Nagpokhari, Naxal, Kathmandu and submit their bids before Jestha 8, 2074 by 3:00 PM. Bidders can deposit the amount in account number 00100100054010000003 maintained in the name of NMB Capital Limited – Issue Account at NMB Bank Limited. Bidders can also apply through a Good for Payment cheque. NMBMF has earned net profit of Rs 3.56 crore in the third quarter of the FY 2073/74. Its last traded price stood at Rs 2915 as of May 21, 2017.