First Microfinance Promoter Share Bidding: How to Apply, Deadline, and Required Documents

23rd February 2025, Kathmandu 

First Microfinance Laghubitta Bittiya Sanstha Ltd. has announced the sale of 217,714 promoter shares. Only eligible promoters are allowed to bid for these shares.

First Microfinance Promoter Share Bidding

This move is part of the company’s strategy to adjust its shareholder structure. It provides promoters the chance to increase their ownership of the institution.

Shares Available for Promoters Only

Currently, only the institution’s existing promoters can apply to purchase these shares. The company has provided a specific timeframe for submission, ensuring that interested promoters get the first opportunity to acquire the shares.

Application Deadline and Pricing

The application period begins on Falgun 11 and will remain open for 35 days. Interested promoters must submit their bids within this period. The minimum bidding price is set at NPR 280 per share, but bidders can offer a higher price. The bidding process requires a sealed bid submission, ensuring a fair and transparent transaction.

Submission Process

Applicants must submit their bids to the company’s central office in Gyaneshwar, Kathmandu. The sealed bid must include all required documents and meet the company’s criteria.

Possible Sale to General Investors

If no applications are received from promoters within 35 days, the company will open the sale to the general public. This ensures that the shares are not left unsold and provides an opportunity for retail investors to participate.

Why This Matters?

The sale of promoter shares allows existing investors to strengthen their ownership while also creating opportunities for new stakeholders if the shares are later offered to the public. The decision to sell these shares could impact market liquidity and shareholder composition, making it an important event for investors tracking the company’s financial activities.

First Microfinance has urged all eligible promoters to take advantage of this offer before the deadline. Investors should carefully assess the opportunity and complete the bidding process on time.

For more: First Microfinance Promoter Share Bidding