Womi Laghubitta to re-auction unsold promoter right shares

Oct 31, 2019 10:28 AM Merolagani

Womi Laghubitta (WOMI) is re-auctioning unsold promoter right shares that went unsold in the first auction.  The company is auctioning 62,183.80 units of unsold promoter right shares to all interested individuals, companies and institutions from November 7-14.

The interested bidders can bid for the shares from Siddhartha Capital, the 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 1000 and a maximum of 40,000 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 the ongoing merger process with Nagarik Laghubitta.

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