Naya Nepal Laghubitta allots auctioned right shares; Remaining 47,763 units promoter shares to be sold via auction

Naya Nepal Laghubitta Bittiya Sanstha Limited (NNLB) has allotted its auctioned right shares to the applicants.

The microfinance company has allotted 38,330 units promoter shares and 17,260 units ordinary shares to the applicants.

Remaining 47,763 units promoter right shares will be sold via auction in the future. The non allottees will be refunded with the application amount.

NMB Capital has been appointed as the issue manager for the right issuance.

After the adjustment of the right shares and auction, the paid up capital of the microfinance will reach Rs 8.40 crore.

Tentative cutoff for Naya Nepal Laghubitta’s ordinary shares stands at Rs 386.90; Promoter shares fails to get fully subscribed