Nepal Finance Limited (NFS) auctioning a total of 5,15,248.25 units of promoters and ordinary shares from Poush 17
Nepal Finance Limited (NFS) is auctioning its 2,55,078.55 units of promoter shares and 2,60,169.50 units of ordinary shares. The auction will open from 17th Poush till 24th Poush, 2077.
The existing promoters, general public and institutions are all eligible to bid for the auction.
Rs. 100 is the minimum bid rate for the auction. While the minimum bid quantity for promoters’ shares is 1000 units, the minimum bid quantity for ordinary shares is 100 units. There is no upper limit for both shares. 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.
Prabhu Capital Limited is appointed the auction manager.
As of writing, Nepal Finance Limited’s last day closing price of ordinary shares stands at Rs. 213 per share.
