Last day to bid for auctioned shares of Nepal Investment Bank and Womi Microfinance

Nov 14, 2019 12:04 PM Merolagani

Today is the last day to bid for auctioned shares of Nepal Investment Bank and Womi Microfinance.

Nepal Investment Bank (NIB) started auctioning 29,380 units of promoter shares from November 7 to the existing shareholders, BFIs and other eligible individuals, companies and institutions.

The bank has appointed NIBL Ace Capital as its issue manager. The interested eligible investors can bid for the shares from NIBL Ace Capital at Lazimpat, Kathmandu.

The bidders can bid for a minimum of 3000 units of shares and a maximum of all shares under NRB limit at a minimum price of Rs 275.

According to the issue manager, the bid will be opened on November 18 in NIBL Ace Capital, Lazimpat, Kathmandu at 10:30 AM.

Similarly, 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.

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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