Mithila Laghubitta auctioning 2,533 unit ordinary shares at Rs 100 & above from today; LTP stood Rs 1,530

Mithila Laghubitta Bikas Bank Limited (MLBBL) is auctioning its ordinary right share to the general public from today (Kartik 25, 2073). As per the notice published by the microfinance company today, the microfinance is selling 2,533 units ordinary share after the rights shares issued on Shrawan 19, 2073 were not fully subscribed by the investors. The bank had offered right shares at the ratio of 2:1. The auction will last till Mangsir 9, 2073. The bid will open to conclude the auction on Mangsir 10, 2073 at 12:00 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. Civil Capital Market Limited is the issue manager for this auction. The microfinance has urged interested bidders to submit their bids by 3:00 PM till Mangsir 9 at Civil Capital located at Kamaladi, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 00210000482018 of Civil Bank Limited located at Kamaladi, Kathmandu. Its last traded price stood at Rs 1530 as on September 21, 2016. Mithila Laghubitta has earned net profit of Rs 9.88 lakh in the first quarter of the current fiscal year 2073/74 as per unaudited report.