Last Day to place bids for 1.8 lakh unit auctioned right shares of Pokhara Finance; Bidders can apply for 1000 units in promoters group and 100 units in ordinary group
Sun, Apr 8, 2018 5:44 AM on Latest, Dividend, Bonus & Rights, Featured, Stock Market,
Today is the last day to place bids for the auctioned 1.8 lakh unit right shares of Pokhara Finance Company.
Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. Only the existing promoters can apply for the right shares of the promoters group. Interested bidders must bid for a minimum of 1,000 unit shares in the promoters group and 100 units in the ordinary group.
The finance company had floated 9,83,682.74 unit right shares for the shareholders from Poush 30, 2074. The auction has been opened for the unsold 80,348.27 unit right shares of promoter group and 1,00,353.47 unit right shares of ordinary shareholders group.
NIBL Ace Capital Limited has been appointed as the issue manager for the auction. The bidders can collect the forms from NIBL Ace Capital or from the designated branches of Pokhara Finance Limited.
The finance company has urged the bidders to deposit the bid amount in A/C No 0124524617025016 in Kumari Bank Limited in the name of NIBL Ace Capital or through Good for Payment Cheque.
PFL had issued 9,83,682 units FPO shares worth Rs 21.64 crore at Rs 220 per unit on Shrawan 29, 2074. After the FPO, its paid up capital reached around Rs 65.57 crore from Rs 55.74 crore. Finally, after proposed 15% right share issuance, its paid up capital will reach Rs 75.40 crore. As a national level finance company, it should hike its paid up capital to a minimum of Rs 80 crore by the end of FY 2073/74. The finance company has also announced 8.26% bonus shares from the profit of FY 2073/74. After the adjustment of right shares and bonus shares, the paid up capital of the company will reach Rs 81.63 crore.
