NIC Asia Bank Initiates Auction for Promoter Shares of Suryodaya Womi Laghubitta
NIC Asia Bank Limited is selling the promoter shares of Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF) in the auction from today i.e. 6th Shrawan to 13th Shrawan, 2081.
61,805 unit promoter shares of SWMF are being auctioned. Qualified interested promoter shareholders, general public/company, and institutions are eligible to bid in the auction of SWMF. Rs. 348 is the minimum bid rate and the minimum bid quantity for promoters’ shares is 5,000 units. Although bidders can bid for the entire issue, they must 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 has an LTP of Rs. 996.70.
