Last day to bid for auctioned shares of Mirmire Laghubitta

Sep 20, 2018 Merolagani

Today is the last day to bid for auctioned shares of Mirmire Laghubitta Bittiya Sanstha (MMFDB). The company is auctioning 9,753 units of general shares that went unsold during its issuance on July 11-August 14 from September 11-20.

The interested bidders can bid for a minimum of 100 units of shares and maximum of all shares within the limit set by NRB at a minimum price of Rs 100.

The interested bidders can bid for the shares from NIBL Ace Capital at Lazimpat, Laldurbar-Kathmandu, Lagankhel-Lalitpur, Chipledhunga-Pokhara, Trafficchowk-Butwal, Aadarshanagar-Birgunj and Golchhachowk-Biratnagar. Moreover, the bidders can bid from Surkhet, Nepalgunj, Narayangadh and Dhangadhi branch of Nepal Investment Bank and Mirmire Laghubitta at Banepa, Kavrepalanchowk.

Mirmire Laghubitta announced to distribute 24 percent stock and 1.26 percent cash dividend for tax purpose on September 3.

The company announced the dividend on the paid-up capital of Rs 103.8 million maintained after the recently issued 100 percent right shares, thus, the dividend is receivable by the right shares holders as well.

The company will distribute Rs 24.9 million worth of bonus share and Rs 1,308,636 worth of cash dividend to its shareholders.

 The proposed dividend is subjected to approval from NRB and the upcoming AGM. After the bonus share distribution, the paid-up capital of the company will total Rs 128,786,400.

In the last FY, the company earned a net profit of Rs 30.4 million and has maintained EPS of Rs 51.70 and net worth per share of Rs 173.75. The last traded price of the stock is at Rs 1530 on September 19.

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