NIC Asia Bank Auctioning Promoter Shares of Suryodaya Womi Laghubitta and Mahuli Laghubitta From Today
NIC Asia Bank Limited (NICA) is auctioning the promoter shares of Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF) and Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) from today i.e. 6th Ashad to 13th Ashad, 2080.
1,06,900 unit promoter shares of SWMF and 5,183 unit promoter shares of MSLB are being auctioned. Individual investors, companies, and institutions are all eligible to bid in the auction. Rs. 217 is the minimum bid rate for SWMF's auction whereas Rs. 275 is the minimum bid rate for MSLB's auction. The minimum bid quantity for promoters’ shares of SWMF is 100 units while that of MSLB is 500 units. Although bidders can bid for the entirety of the issue, they are required to abide by the Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity.
NIC Asia Capital is the auction manager. As of writing, SWMF and MSLB have an LTP of Rs. 710 and Rs. 844.70 respectively.
