Seti Finance to auction 2,49,918 unit shares at Rs 100 & above from Falgun 11; LTP at Rs 172

Seti Finance Limited (SETI) will be auctioning its ordinary and promoter right share to the general public from Falgun 11, 2073. As per the notice published by the finance company today, the company will be selling 66,682.14 units ordinary shares and 1,83,235.86 promoter shares after the rights shares issued on Mangsir 1, 2073 were not fully subscribed by the investors. The development bank had offered right shares at the ratio of 1:1.5. The auction will last till Falgun 19, 2073. The bid will open to conclude the auction on Falgun 22, 2073 at 3:00 PM. In case of any holiday on that day, the bid will open to conclude next working day at 3:00 PM. Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. Interested bidders must bid for a minimum of 100 units of share. NIBL Capital Markets Limited is the issue manager for this auction. The bank has urged interested bidders to submit their bids within office hour till Falgun 19, 2073 at Seti Finance Limited, Tikapur, Kailali or at NIBL Capital Markets Limited, Lazimpat, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 00115174130 of Siddhartha Bank Limited, Hattisar, Kathmandu. Its last traded price stood at Rs 172 as on February 2, 2017.