51 investors were allotted 1,66,248 units auctioned ordinary shares of Sunrise Bank; cut-off price stood Rs 426

ShareSansar, August 21:

Sunrise Bank Limited (SRBL) had auctioned its 1,66,248 units ordinary shares and 22 units Promoter share to the general public from Shrawan 14 to Shrawan 28, 2072. The bid was already opened on Shrawan 29 (Last Friday).

According to Kamal Khatri, Assistant Manager of Civil Capital Market Limited said that the bank set the cut-off price for the 1,66,248 units ordinary shares at Rs 426.  The highest bid amount for the auction shares received was Rs 462. Only 51 applicants were allotted shares out of the 626 applicants who submitted their bids for 1, 66,248 units of ordinary shares.

Likewise, for 22 units Promoter share, the bank set the cut off price of Rs 351. Only 2 applicant bid for the 22 unit promoter share and 1 applicant got the shares.

Sunrise Bank Limited had reported net profit of Rs 474.39 million in its fourth quarter of the fiscal year 2071/72.

The last traded price of SRBL stood at Rs 519 as on Bhadra 3 in NEPSE.