Pokhara Finance finally opening bids for the auctioned 1.8 Lakh unit right shares

Pokhara Finance Limited will be opening bids for its auctioned 1.80 lakh unit right shares today. The bid opening will be conducted at the premises of NIBL Ace Capital at 3:00 PM.

The finance company had floated 9,83,682.74 unit right shares for the shareholders from Poush 30, 2074. The auction has been opened for the unsold 80,348.27 unit right shares of promoter group and 99,129.47 unit right shares of ordinary shareholders group.

NIBL Ace Capital Limited has been appointed as the issue manager for the auction.

PFL had issued 9,83,682 units FPO shares worth Rs  21.64 crore at Rs 220 per unit on Shrawan 29, 2074. After the FPO, its paid up capital reached around Rs 65.57 crore from Rs 55.74 crore. Finally, after proposed 15% right share issuance, its paid up capital will reach Rs 75.40 crore. As a national level finance company, it had to hike its paid up capital to a minimum of Rs 80 crore by the end of FY 2073/74. The finance company has also announced 8.26% bonus shares from the profit of FY 2073/74. After the adjustment of right shares and bonus shares, the paid up capital of the company will reach Rs 81.63 crore.