Auction Opening Today: First Microfinance (FMDBL) auctioning 1,50,000 units promoter shares
First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) is auctioning its 1,50,000 units promoter shares from today, i.e. Mangsir 28. The auction will close on 19th Poush, 2077.
The existing promoters, general public, and institutions are all eligible to bid for the auction.
Rs. 295 is the minimum bid rate for the auction. While the minimum bid quantity is 15,000 units, there is no upper limit. Although bidders can bid for the entirety of the issue, they are required to abide by Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity. Meanwhile, any quantity in between should be divisible by 10.
Muktinath Capital Limited is appointed the auction manager. Bids will be opened at the issue manager's office in Hattisar on Poush 20, starting from 10 am.
As of writing, First Microfinance Laghubitta's last day closing price of ordinary shares stands at Rs. 585 per share.
