Samata Microfinance to sell its unsold 16,568 unit shares via auction from today; Auction to close on Ashoj 14

Thu, Sep 20, 2018 7:06 AM on Auction, Featured, Stock Market,
Samata Mic...

Samata Microfinance Bittiya Sanstha Limited (SMATA) will be selling its unsold right shares via auction from Ashoj 04, 2075 i.e. today. The auction for the 16,568 unit shares will be closed on Ashoj 14, 2075.

The microfinance company is auctioning 3,900 unit promoter shares and 12,668 unit ordinary shares.

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

The bids can be placed for a minimum 100 units for the ordinary shares and 1,000 units for the promoter shares. The minimum bid price has been set as Rs 100 i.e. the interested bidders can place their bids above Rs 100.

For the promoter shares, priority will be provided to the existing promoters of the company.

The microfinance company has urged the interested bidders to deposit the entire bid amount in the A/C no 0010017512300001 of Kumari Bank Limited in the name of NIBL Ace Capital Limited.