Last day to bid for auctioned shares of Womi Microfinance

Sep 30, 2019 09:59 AM Merolagani

Today is the last day to bid for auctioned shares of Womi Microfinance (WOMI). The company is auctioning 123,213 units of unsold right shares from September 23.

Womi Microfinance is issuing 76,706.80 units of promoter and 46,509.20 units of general shares that went unsubscribed during its issuance from July 25 to August 28.

The interested bidders can bid for the shares from Siddhartha Capital, issue manager of the company. Similarly, they can bid for the shares from the head office of Womi Microfinance at Bharatpur, Chitwan as well as Biratnagar, Birtamod, Birgunj, Janakpur, Hetauda, Narayangadh, Pokhara, Baglung, Butwal, Gorahi, Nepalgunj, Surkhet, Dhangadhi and Mahendranagar branch of Siddhartha Bank.  

The bidder can bid for a minimum of 100 and a maximum of all shares divisible by 10 at a minimum price of Rs 100.

After the capitalization of the right issue, the paid-up capital will reach Rs 202.1 million. Currently, the trading of the stock is suspended due to ongoing merger process with Nagarik Laghubitta.

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