Pokhara Finance Auction : Last day to bid

Today is the last day to bid for nearly 1.80 lakh auction shares. 

This includes 1,00,353.47 unit ordinary and 80,348.27 unit promoter shares. The auction commenced from 18th Chaitra, 2074.

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 is now being auctioned among general public. However, only existing promoters are eligible to bid for promoter shares.   

NIBL Ace Capital will be managing the auction.

Interested bidders can get the forms from NIBL Ace Capital, Lazimpat and its branches. The interested bidders can also apply from head office of Pokhara Finance or stated branches of Nepal Investment Bank outside the valley. Bidders can bid for a minimum of 100 units at a price of 100 or above. However, minimum 1000 units has to be applied for promoter shares. Payment procedure as prescribed in the form must be followed.