A new opportunity has emerged for the general public to acquire shares in Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF). Dipak Sharma, one of the existing promoters of SWMF, has decided to auction off 10,000 units of promoter shares to the public. The auction officially commenced today and will remain open for bidding for a duration of 35 days from the date of the notice, which is the 1st of Kartik.
It’s important to note that the initial attempt was made to auction these shares to eligible promoter shareholders. However, as no applications were received within the stipulated timeframe, the decision has been made to re-auction these promoter shares to the general public. Interested individuals looking to participate in the auction are required to submit their bids either at the central office, situated in Mahalaxmi-04, Lalitpur, or at Kumari Capital Limited, located in Naxal, Nagpokhari, Kathmandu.
As of the most recent trading session, SWMF closed at a price of Rs. 597.00. Meanwhile, SWMFPO, which presumably pertains to the shares available in this auction, has a Last Traded Price (LTP) of Rs. 225.55 as of the 8th of October, 2023. This auction presents an opportunity for potential investors to acquire a stake in the company, subject to the conditions and procedures outlined by the company and regulators.
