Update on auctioned unsubscribed right shares of Manaslu Bikas and Mahakali Bikas
Tue, Mar 31, 2015 12:00 AM on Others,
ShareSansar, March 31:
Manaslu Bikas Bank Limited (MSBBL) opened the bid for 1,04,955 units of promoter right shares and ordinary right shares to general public on Chait 15.
An official with Growmore Merchant Bank, which managed the auction for MSBBL, informed that the bank set the cutoff price for the ordinary shares at Rs 217.25. The highest bidder among 176 applicants to apply for ordinary shares quoted a price of Rs 231 per share.
Out of the total auctioned shares, 76,650 units were promoter shares and 28,305 units were ordinary shares. Growmore could not provide any details regarding promoter right shares.
Manaslu’s shares last traded at Rs 174 on March 23.
Meanwhile, Mahakali Bikas Bank Limited opened the bid promoter right shares yesterday. The bank had called bids for 1,48,282 units of unsubscribed promoter right shares on Chaitra 6.
An official with Ace Capital Limited, which managed the auction for MBBL, informed that the bank set the cutoff price for the promoter shares at Rs 100. The highest bid amount received was Rs 102. Of the 29 applicants who had filed their bids all got the shares.
The last trading price of the shares stood at Rs 213 on March 30.
