Nerude Laghubitta auctioning unsold 1.08 lakh units right shares at Rs 100 & above from today; LTP at Rs 1285

Nerude Laghubitta Bikas Bank Limited (NLBBL) is auctioning its 1,08,736 units unclaimed right shares to the general public from today (Ashadh 13, 2074). The microfinance company is selling 93,977 units of promoter right share and 14,759 units ordinary share after the rights shares issued on Chaitra 14, 2073 were not fully subscribed by the investors. Out of the total 9,00,000 issued right shares, around 12.08% shares were unsubscribed. The microfinance had offered right shares in the ratio of 2:1. The auction will last till Ashadh 20, 2074. The bid will open to conclude the auction on Ashadh 21, 2074 at 3:00 PM. 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 or maximum they can apply digit that can be divided by 10. Sunrise Capital Limited is the issue manager for this auction. The microfinance has urged the interested bidders to submit their bids by 3:00 PM till Ashad 20 at the Sunrise Capital located at Kamalpokhari, Kathmandu. The investors applying for the auction can deposit the bid amount in the account name Sunrise Capital Limited Right Share Bid and account number 0690000132001 of Sunrise Bank Limited located at Sunrise Bank Limited, Kathmandu. Also, applicants willing to apply with cheque can submit their application by issuing Good for Payment cheque in the name of Sunrise Capital Limited. NLBBL has earned net profit of Rs 7.85 crore in the third quarter of the fiscal year 2073/74 as per its unaudited report. Its last traded price stood at Rs 1,285 as on June 25, 2017.