65 investors allotted 62,573 units auctioned ordinary shares of Kailash Bikas Bank; Cut-off price stood Rs 335

Kailash Bikas Bank Limited (KBBL) had auctioned its unclaimed 62,573 units ordinary and 10,981 units promoter right shares to the general public from Baisakh 20, 2074 till Jestha 4, 2074. The bids were opened on Friday. As per an official of Global IME Capital Limited, the issue manager for the auction, the cutoff price for ordinary shares was Rs 335 per share. The highest bid price received was Rs 400. Only 65 out of the 638 applicants who submitted their bids for 62,573 units of ordinary shares got the auctioned shares. Likewise, for the promoter shares, the cutoff price was Rs 153 per promoter share. Only 1 applicant was allotted shares out of the 6 applicants who submitted their bids for 10,981 units of promoter shares. “Non-allottees will have their money refunded from Jestha 14, 2074”, added the official. KBBL has earned net profit of Rs. 36.79 crore in the third quarter of the fiscal year 2073/74. Its last traded price stands at Rs 357 as of May 18, 2017.