The existing promoters of Mahila Laghubitta Bittiya Sanstha Limited (MLBSL) have opened an auction of 84,537 units of promoter shares, providing an opportunity for both individual and institutional investors to acquire ownership in the microfinance company.
According to the company, the auction commenced on Jestha 23, 2083, and will remain open until Ashad 7, 2083. Interested investors can submit their bids during the auction period through the designated auction manager.
Unlike many promoter share sales that are initially restricted to existing promoters, this auction has been opened to a wider range of participants. Existing promoters, members of the general public, and institutional investors are all eligible to participate in the bidding process.
The minimum bid price has been fixed at Rs. 515 per share. Investors wishing to participate must apply for at least 1,000 units of shares, which is the minimum bid quantity specified for the auction.
While bidders are allowed to apply for the entire issue size of 84,537 shares, they must comply with the shareholding limits prescribed by Nepal Rastra Bank. Any application exceeding the maximum permissible ownership threshold for a single entity will not be considered valid.
The auction offers investors an opportunity to acquire promoter shares in Mahila Laghubitta, a microfinance institution operating in Nepal's growing financial inclusion sector. Promoter shares typically provide long-term ownership benefits but are subject to regulatory transfer restrictions compared to ordinary public shares.
Nepal SBI Merchant Capital Limited has been appointed as the auction manager and will oversee the bidding, application collection, and allotment process.
Investors interested in participating are advised to carefully review the auction guidelines, regulatory requirements, and shareholding limitations before submitting their bids. The final allocation will be determined based on the highest valid bids received during the auction period.
The sale comes as Nepal's microfinance sector continues to attract investor interest due to its role in expanding financial services to underserved communities and supporting financial inclusion across the country.
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