Bids Opened: What is the cut-off price for the auction of Samriddhi Finance Company's (SFCL) shares?

The bids received in the auction of Samriddhi Finance Company Limited (SFCL) have been opened on Mangsir 26. Bids were opened at the premises of the auction manager, BOK Capital in Kamaladi, Kathmandu.

The company had auctioned unclaimed right shares for promoters and the public from Mangsir 10. The auction concluded on Mangsir 17.

Samriddhi Finance had previously issued the right shares in the ratio 1:2 to its shareholders. 36,39,606 units of right shares were issued to shareholders from Ashwin 16. The unclaimed right shares were then auctioned, i.e. 13,58,268 unclaimed promoter shares and 4,66,089 unclaimed ordinary shares. Existing promoters, the general public, and institutions were all eligible to bid for the auction.

According to the auction manager BOK Capital, Rs. 101 is the cut-off price for ordinary/public shares. In perspective, Rs. 138 is the latest trading price of SFCL's ordinary shares. Similarly, Rs. 100 is the cut-off price for promoter shares. 6 bids were received for promoter shares while 194 bids were received for ordinary shares. The highest bid received for ordinary shares was at a rate of Rs. 200.