Samata Microfinance’s auction for 16,568 unit shares closes today; Bids can be placed for minimum 100 units & 1000 units for ordinary shares & promoter shares respectively

Today is the last day to place bids for the auctioned 16,568 unit right shares of Samata Microfinance Bittiya Sanstha Limited (SMATA).

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.