RSDC to sell its unsold 2.91 lakh unit right shares via auction; Bidders can place their bids from Bhadra 18

RSDC Laghubitta Bittiya Sanstha Limited (RSDC) is is selling its unsold right shares via auction from Bhadra 18, 2075. The auction for 2,91,490 unit shares will last till Bhadra 25, 2075.

The company is issuing 2,06,227 units promoter shares and 85,263 unit ordinary shares.

The microfinance company has urged the interested bidders to place their bids for a minimum 1,000 units for the promoter shares and 100 units for ordinary shares. The minimum bid price has been set as Rs 100, i.e. the bidders need to place their bids above Rs 100. In case of the promoter shares, the existing promoters of the company will be given more priority.

NIBL Ace Capital has been appointed as the issue manager for the auction.

Interested bidders can deposit the bid amount in A/C no 0010017472300001 of Kumari Bank Limited in the name of NIBL Ace Capital Limited.

The microfinance company had issued right shares in the ratio 5:3. Out of the total issued 21,59,700, the company has allotted 18,68,210 units to 25,887 valid applicants. After the adjustment of right shares, its paid-up capital will reach Rs 57.59 crore.