Nerude Mirmire Microfinance Founder Shares Now Open for Public Purchase
22nd November 2025, Kathmandu
Nerude Mirmire Microfinance Financial Institution Limited has put 21,389 units of promoter shares up for sale to the general public through an auction process.
Nerude Mirmire Founder Shares
This move follows the failure of the company’s existing promoters to fully subscribe to these shares during the mandatory 35-day priority purchase window, as required by Nepal Rastra Bank (NRB) regulations.
Details of the Shares on Auction
The sale comprises the shares held by two individual founders of the microfinance institution, and the shares are now open for bidding by a wider pool of interested parties.
- Total Shares on Auction: 21,389 units of promoter shares.
- Shareholders Offering the Shares: These shares belong to two founders:
- Gyanendra Paudel: Offering 16,889 units.
- Devraj Pandey: Offering 4,500 units.
Eligibility for Bidding: The sale is open to the general public, which includes individual investors, institutional investors, and companies. This is a common practice when existing promoters fail to absorb their allotted shares, making the shares available to any interested party.
Bidding Requirements and Timeline
The shares are being sold via a sealed-bid auction process, which sets a minimum floor price and a strict application deadline.
Application Deadline: Interested buyers must submit their bids within 15 days from the publication date of the notice. The auction notice was published on November 21, 2025 (Mangsir 5, 2082), making the final date for bid submission December 6, 2025 (Mangsir 20, 2082).
Minimum Bid Price: While not explicitly mentioned in the initial prompt, promoter shares sold in an auction must typically adhere to a minimum bid price of NPR 100 per share (face value). Bidders must submit a price at or above this minimum. The shares will be allotted to the bidders who quote the highest price, based on the quantity requested.
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Minimum Bid Quantity: Although not specified, auctions of this nature usually require bidders to apply for a minimum lot size (e.g., 100 units), with no upper limit, allowing investors to bid for the entire lot if they choose.
Where to Apply: Interested buyers must submit a written application along with all required documents at the company’s central office, which is located at Banepa–08, Kavrepalanchok.
Importance for Investors and the Company
The availability of promoter shares on the open market presents a unique opportunity for serious investors.
Acquiring a Stake: Promoter shares often carry more voting rights or a greater stake in the management of the company compared to ordinary shares. Purchasing promoter shares allows investors, particularly high-net-worth individuals and institutions, to acquire a substantial stake in the microfinance institution.
Lock-in Period: It is important for prospective bidders to be aware that these promoter shares are typically subject to a lock-in period that restricts their resale for a certain duration, although this lock-in may be removed or reduced depending on the specific reason for the sale and the existing regulatory framework surrounding the transfer of promoter shares.
Company Compliance: For Nerude Mirmire Microfinance, the successful sale of these shares ensures compliance with the shareholding structure requirements set by Nepal Rastra Bank, particularly the ratio of promoter to public shares, which must often be maintained or adjusted during capital changes.
Nerude Mirmire Laghubitta Bittiya Sanstha Limited, formed through the merger of Nerude Laghubitta and Mirmire Laghubitta in 2080 BS, is an established institution in the microfinance sector. The last traded price of its ordinary shares on NEPSE was approximately NPR 630.00, providing bidders with an indication of market valuation, though the price of promoter shares may differ.
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