12 investor’s allotted 12,207 units auctioned ordinary shares of Cosmos Dev. Bank; Cut-off price stood Rs 380.25

Cosmos Development Bank Limited (CSDBL) had auctioned its 12,207 units of ordinary right share and 4,819 units promoter right share to the general public from Kartik 4, 2073 to Kartik 18, 2073. The bid was opened on Kartik 19, 2073. An official of Civil Capital Markets Limited, which managed the auction for Cosmos Development Bank, informed that the cut off price for 12,207 units ordinary shares stood at Rs. 380.25. The highest bid amount for the auctioned shares received was Rs 465. Only 49 applicants have submitted their bids for 12,207 units ordinary shares and 12 of them got shares. Similarly for 4,819 unit promoter right share, the bank set the cut off price at Rs. 161.  The highest bid amount for the auction shares received was Rs. 319. Total 3 applicants submitted their bids for 4,819 units of promoter shares and all of them got the share. The Last Trading Price (LTP) of the shares stood at Rs 470 as on November 3, 2016. CSDBL had earned a net profit of Rs.1.53 crore in the fourth quarter of the last fiscal year 2072/73 as per unaudited report.