Manjushree Finance Limited has opened the sale of 8,39,583 units of its promoter shares worth over Rs 10 crore to the general public and institutions through a sealed bid process.
Manjushree Finance Limited is selling its promoter shares worth around Rs 10 crore. The finance company is offering a total of 8 lakh 39 thousand 583 units of promoter shares through a sealed bid process.
The company has fixed minimum price for each share at Rs 120. According to the company, total minimum value of these shares being sold is Rs 10 crore 7 lakh 49 thousand 960.
Who Can Apply and How?
Interested and eligible individuals as well as organized institutions can apply for these shares. The last date to submit the application is Saun 18. Investors can apply for minimum of 50,000 units of shares. If they want to apply for more, it must be in a number that can be divided by 10. The maximum limit is to buying all the available shares.
NIMB Ace Capital Limited is working as the issue manager for this share sale. People who are interested can get the bid form from issue manager by paying a fee of Rs 100.
Other Important Rules
Along with the application form, buyers must submit a proof. This proof must show that they have deposited a guarantee amount. The guarantee amount should be 5 percent of the total value of shares they want to buy.
The sealed bids received from applicants will be opened on Saun 19 at 3 in the afternoon. If company receives more applications than the actual shares offered, then shares will be distributed on a proportional basis according to demand.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
