Shares of These Companies will be Auctioned from Today
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 is open from 17th Poush and will close on 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.
Multipurpose Finance Company Limited (MPFL) is auctioning its 17,59,621 units of promoter shares. The auction will open from 17 Poush till 2nd Magh, 2077.
Rs. 100 is the minimum bid rate for the auction. While the minimum bid quantity for shares is 1000 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.
Civil Capital Market Limited is appointed the auction manager. Bids will be opened at the issue manager's office in Sundhara on Poush 17, starting from 10 am.
