2 investors were allotted 897 units auctioned ordinary shares of Nagbeli Laghubitta; Cut off price stood Rs 2,752.11

Nagbeli Laghubitta Bikas Bank Limited (NBBL) had auctioned its 897 units ordinary right shares and 8766 units promoter right shares to general public from Mangsir 25, 2072.The bid was already opened on Poush 5. An official of NMB Capital Limited, which managed the auction for Nagbeli Laghubitta, informed that the cut off price for 897 units ordinary shares stood at Rs 2752.11. The highest bid amount for the auction shares received was Rs. 2,777 and lowest bid was Rs 200. Only 2 applicants were allotted shares out of the 40 applicants who submitted their bids for 897 units of ordinary shares. Similarly, for 8,766 units promoter right share, the development bank set the cut off price of Rs 125. The highest bid amount for the auction shares received was Rs. 160. Only 10 applicant submitted bid for promoter shares and all of them got the shares. Nagbeli Laghubitta had earned net profit of Rs. 59.58 in its first quarter of the current fiscal year 2072/73. The last trading price of NBBL stood at Rs 2800 as on December 23, 2015.