26 investors were allotted 35,408 units auctioned shares of Purnima Bikas Bank; cut off price stood Rs 296.2 for ordinary shares

ShareSansar, July 10:

Purnima  Bikas Bank limited (PURBL) had auctioned 14,953 units of ordinary right share and 20,455 units of promoter right share on Ashad 11.

The development bank was selling a total of 35,408 units of share after the rights shares issued on Baishak 6, 2072 were not fully subscribed by the investors. The Bank had offered right shares at the ratio of 4:1.

According to Sujan Babu Adhikari, Operation head of Ace Capital Limited said that the company set the cut off price for the 14,935 units ordinary shares at Rs 296.20.  The highest bid amount for the auction shares received was Rs 365. Only 24 applicants were allotted shares out of the 110 applicants who submitted their bids for 14,935 units of ordinary shares.

Likewise, for 20,455 units Promoter right share, the development bank set the cut off price of Rs 122.50. Only 2 applicants were allotted shares out of the 13 applicants who submitted their bids for 20,455 units of promoter shares.

The last traded price of PURBL stood at Rs 323 as on July 9.