Last day to bid for First Microfinance auction of 3,295 unit’s ordinary shares

ShareSansar June 23:

Today is the last day to bid for First Micro Finance Development Bank 3,295 unit’s ordinary shares. The auction closes till today’s office time and the bids will be opened to conclude the auction on Ashad 11.

First Micro Finance Development Bank had auctioned its ordinary right shares to general public. The company had announced, it will be selling 3,295 units of ordinary right share after the rights shares issued on Falgun 15, 2071 were not fully subscribed by the investors. First Microfinance had offered right shares at the ratio of 1:1.

Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100.

Global IME Capital limited is the issue manager for this auction.

The Bank had a profit rise of 24.38 percent in the third quarter as its net profit rose to Rs 2.4 crore, up from Rs 1.9 crore in the corresponding quarter last fiscal year.

The last trading price of its shares stood at Rs 561 on June 16.