34 investors were allotted 8,891 units auctioned ordinary shares of Kabeli Bikas Bank; cut off price stood at Rs 400

Kabeli Bikas Bank Limited (KEBL) had auctioned its 8,891 unit ordinary right shares to general public from Chaitra 17, 2072 till Chaitra 23, 2072. The bid was opened on Chaitra 26, 2072. An official of Global IME Capital Limited, which managed the auction for Kabeli Bikas Bank, informed that the cut off price for 8,891 units ordinary shares stood at Rs 400. The highest bid amount for the auction shares received was Rs 615. Only 34 applicants were allotted shares out of the 54 applicants who submitted their bids for 8,891 units of ordinary shares. KEBL had earned net profit of Rs 8.27 crore in its second quarter of the current fiscal year 2071/72. The last trading price of the shares stood at Rs 609 as on April 4, 2016.