Tentative cutoff of Nagbeli Laghubitta auctioned shares stand at Rs.666; applications received for almost 20 thousand units

The bid opening of Nagbeli Laghubitta’s unsold right shares has concluded. NMB Capital was appointed as the issue manager for the said auction.

As per the information provided by the issue manager, the tentative cut off price stands at Rs.666 while the maximum bid price stands at Rs.830. A total of 75 applicants had applied for 19,875 units.

Nagbeli Laghubitta was auctioning 9,518.44 unit unsold right shares from Mangsir 5^th to Mangsir 12^th 2075.

The paid up capital of the microfinance will reach Rs 15.32 crore after the adjustment of 100% right shares. Recently the microfinance company has announced 16.11% bonus shares which will raise its paid-up capital to Rs 17.78 crore.