Bidders of Nepal SBI auction shares to get their money refund after 14 days; direct transfer to bank a/c from today

Nepal SBI Bank Limited (SBI) is refunding money to the non-allottees of its recently concluded auction of  4.69.052.60 units ordinary shares from today (Shrawan 31, 2074). The bank had allotted the auctioned shares on Shrawan 29, 2074. The non-allottees will have their money transferred directly to their bank accounts. Nepal SBI Bank had auctioned its 4.69.052.60  units ordinary right share to the general public from Shrawan 9, 2074 till Shrawan 16, 2074. The bid was opened on Shrawan 17, 2074. The cutoff price for ordinary auctioned shares stood at Rs 902.3. The highest bid amount received was Rs 1011. Total 1634 applicants have submitted their bids for 4.69 lakh units ordinary shares. Nepal SBI Bank has earned Rs 1.53 arba in the fourth quarter of the last fiscal year 2073/74,