Pokhara Finance Auction : Bid opening may take a couple of days more

The bid opening program of Pokhara finance auction may take a couple of days more. As per the official of NIBL ACE Capital, the bid opening will be concluded soon, probably in the next 1-2 days. The new year resulted a delay in receiving the forms from outside the valley added the official. 

Pokhara finance auction was open from 18th to 25th Chaitra, 2074. The company had auctioned 1,00,353.47 unit ordinary and 80,348.27 unit promoter shares.Pokhara Finance had floated 9,83,682.74 unit right shares at a ratio 10:1.5 from 30th Poush. The right issue closed on 6th Falgun, 2074, where approx. 1.80 lakh (18.37%) shares were unsubscribed. Those shares were then auctioned among general public. However, only existing promoters were eligible to bid for promoter shares.