Unnati Microfinance closing auction of 8,895 units shares from today; last trading price stands at Rs 1174

Thu, May 16, 2019 5:29 AM on Auction, Latest, Stock Market,
Unnati Mic...

Unnati Microfinance Bittiya Sanstha Limited (UMB) is closing the auction of its unsold 8,895 units of unsold right shares from today (Jestha 2, 2076).

The company is auctioning 1,278 units of promoter right shares and 7,617 units of ordinary right shares from Baisakh 26, 2076. 

Siddhartha Capital Limited has been appointed as the issue manager for the auction.

Interested bidders can obtain the application form from Siddhartha Capital Limited, Naksal, Kathmandu; Siddhartha Bank branch office: Biratnagar, Birtamode, Birgunj, Janakpur, Hetauda, Narayanghad, Pokhara, Baglung, Butwal, Gorahi, Nepalgunj, Surkhet, Dhangadi and Mahendranagar; and Unnati Microfinance, Rupandehi. The application form can be obtained at Rs.100 per form.

The applicants can bid for minimum 100 units at a minimum price of Rs.100 per share for both promoter and ordinary shares. The bid amounts can be deposited at Siddhartha Bank Limited, Hattisar, Kathmandu branch A/C No. 00115372433 or can issue Good for Payment cheque in the name of Siddhartha Capital Limited.

The microfinance company had floated 1,10,000 unit shares as right shares for its shareholders. Out of the issued units, the company has allotted 1,01,105 units to the valid applicants and remaining 8,895 unit shares will be sold via auction.

The existing paid up capital of UMB is Rs 5.5 crore. The microfinance has already offered 40.50% bonus share to its shareholders for FY 2074/75. After the endorsement of 40.5% bonus share and 20% right share the paid up capital of the company will be Rs 8.8275 crore.

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