12 investors were allotted 41,261.28 units auctioned ordinary shares of Subhechha Bikas Bank; cut off price stood at Rs 311.25

Subhechha Bikas Bank Limited (SUBBL) had auctioned its 41,261.28 units of ordinary right share and 684.33 units promoter right share to the general public from Chaitra 12, 2072 till Chaitra 18, 2072. Ram Mahat, Chief Operating Officer (COO) of Ace Capital Limited said, the development bank has set the cut off price for the 41,261.28 units ordinary shares at Rs 311.25. The highest bid amount for the auction shares received was Rs 335.75. Only 12 applicants were allotted shares out of 97 applicants who submitted their bids for 41,261.28 units of ordinary shares. Similarly, for 684.33 units promoter right share, the bank set the cut off price of Rs. 130.  Only 1 applicant submitted bid for 684.33 units of promoter shares and got shares. SUBBL had earned net profit of Rs 1.05 crore in its second quarter of the current fiscal year 2071/72. The last trading price of the shares stood at Rs 323 as on March 31, 2016.