NMB Laghubitta 1.08 lakh units share auction opens from today; last trading price stands at Rs 819

Sun, Jan 19, 2020 9:02 AM on Auction, Latest,
NMB Laghub...

NMB Laghubitta Bittiya Sanstha (NMBMF) is auctioning its unsold right shares from today (Magh 05, 2076) and the auction closes on Magh 12, 2076 at 3 PM.

The microfinance is auctioning 1,08,733.13 units ordinary shares to the general public. The application forms can be obtained from and submitted to:

Sunrise Capital, Kamalpokhari, Kathmandu
NMB Laghubitta Bittiya Sanstha, Pokhara-25, Milanchowk, Hemja, Kaski
Sunrise Bank Limited's branches: Biratnagar, Birjung, Pokhara, Butwal. nepaljung, Surkhet and Dhangadi

The minimum bid rate has been set at Rs 100. Therefore, bids below this amount will not be accepted. Similarly, the minimum bid quantity is set at 100 units and there is no limit on the maximum quantity.

The applicant can attach Good for payment cheque with the bid form or amount deposit voucher. The bid amount can be deposited at following account:

Bank: Sunrise Bank
Account name: SRCL-NMB Microfinance
Branch: Kamalpokhari
Account number: 0690430236701002

Sunrise Capital is the issue manager of the auction.

The company had issued 150% right shares to its shareholders at a par value of Rs 100 per unit. The right issue will raise the capital of Rs.24.30 Crore and increase the paid-up capital from Rs.16.20 Crore to Rs.40.50 Crore.