Samriddhi Finance Company (SFCL) Auctioning 13,80,718 Promoter Shares from Ashad 03
Samriddhi Finance Company Limited (SFCL) is auctioning its promoter shares. The auction will open on 3rd Ashad and conclude on 10th Ashad, 2078.
13,80,718 unit promoter shares will be auctioned. Individuals, existing promoters, and institutions are all eligible to bid for the auction.
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. 13,80,718 shares unclaimed in the auction are now being auctioned again.
Rs. 100 is the minimum bid rate. and 100 is the minimum bid quantity. 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.
According to the auction manager BOK Capital, Rs. 101 was the cut-off price for ordinary/public shares, and Rs. 100 for promoter shares last time. Only 6 bids were received for promoter shares while 194 bids were received for ordinary shares.
