First Microfinance Laghubitta Bittiya Sanstha Limited has announced the auction sale of 186,433 founder shares, allowing both institutional and general investors to participate.
First Microfinance Laghubitta Bittiya Sanstha Limited is set to auction 186,433 shares belonging to the founder group, with a face value of Rs 100 per share. The company has placed these shares in auction in a way that general investors are also eligible to purchase them.
The minimum auction price has been set at Rs 280 per share. Interested investors submitting bids must apply for a minimum of 100,000 shares, while the maximum application can be made in multiples of 10 shares or up to the entire available quantity.
Investors willing to purchase the shares must submit a sealed bid specifying the number of shares they wish to buy and the proposed bid price. The bid forms can be obtained from the office of Muktinath Capital Limited, located in Naxal, Kathmandu, which is serving as the issue and sales manager, and the completed bids must also be submitted at the same office.
The auction opened on Falgun 26, and investors can submit their sealed bids until Chaitra 10 at 3:00 PM. According to the company, the submitted bids will be opened on Chaitra 11 at 11:00 AM at the office of Muktinath Capital Limited.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
