Last Day to bid for auctioned shares of Samata Microfinance

Jan 07, 2020 10:07 AM Merolagani

Today is the last day to bid for auctioned shares of Samata Microfinance (SMATA). The company started auctioning 161,738 units of unsold right shares from December 27. 

The company is auctioning 84,598 units of promoter and 77,140 units of ordinary shares that went unsold during its issuance.

Previously, the company issued 1,213,440 units of right shares at a ratio of 1:2 to its existing shareholders from October 13-November 17.

The interested bidders can bid from NIBL Ace Capital and designated branches of Nepal Investment Bank as well as Green Development Bank.

The bidders can bid for a minimum of 10 units of ordinary and 5,000 units of promoter shares at a minimum price of Rs 100.

Presently, the company has a paid-up capital of Rs 60.6 million that will reach Rs 182 million after the capitalization of the right shares.

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