Samata Microfinance’s bid opening concludes; Cut off stands at Rs 1,205 for ordinary shares & Rs 501 for promoter shares

NIBL Ace Capital has concluded the bid opening for the auction of 16,568 unit right shares of Samata Microfinance Bittiya Sanstha Limited (SMATA).

As per the information provided by the issue manager, the cut off for the ordinary shares stood at Rs 1,205 and cutoff for the promoter shares stood at Rs 501. The auctioned shares have been fully subscribed. The applicants placing their bids above the cutoff price will be allotted with the shares.

The microfinance company had been selling 3,900 unit promoter shares and 12,668 unit ordinary shares.

After the adjustment of its 50% right shares, its paid-up capital will reach Rs 4.74 crore. For the FY 2074/75, the microfinance company has announced 10% bonus shares for its shareholders.