Laxmi Laghubitta auctioning 15,903 units ordinary shares at Rs 100 & above from today

Laxmi Laghubitta Bittiya Sanstha Limited (LLBS) is auctioning its ordinary right share to general public from today (Poush 6, 2073). The microfinance company is selling 15,903 units ordinary share after the right shares issued on Ashwin 14, 2073 were not fully subscribed by the investors. The microfinance company had offered right shares at the ratio of 1:1. The auction will last till Poush 12, 2073. The bid will open to conclude the auction on Poush 13, 2073 at 10:00 AM. 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. NMB Capital Limited has been assigned as the issue manager for this auction. The company has urged interested bidders to submit their bids by 2:30 PM till Poush 12 at NMB Capital located at Nagpokhari, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 00130600054010000161 of NMB Bank Limited. Its last traded price stood at Rs 1,215 as on December 20, 2016. Recently Laxmi Laghubitta has proposed 20 percent cash dividend to its shareholders from the profit it earned in the last fiscal year 2072/73. Those eligible shareholders of 100 % right share of the microfinance company will get only 10 percent cash dividend. Laxmi Laghubitta has earned net profit of Rs 2.48 crore in the first quarter of the fiscal year 2073/74 as per unaudited report.