Century Commercial Bank cut off price for 1, 41,061 units auctioned ordinary shares stood at Rs. 352

Century Commercial Bank Limited (CCBL) had auctioned its 1, 41,061 units of ordinary right share and 1, 48,706 units promoter right share to the general public from Chaitra 5 to Chaitra 11, 2072. The bid was opened on Chaitra 12, 2072 (Friday). An official of Civil Capital Markets Limited, which managed the auction for Century Commercial Bank, informed that the cut off price for 1, 41,061 units ordinary shares stood at Rs 352. The highest bid amount for the auction shares received was Rs 400. Total 909 applicants submitted their bids for 1, 41,061 units of ordinary shares. Similarly, for 1, 48,706 units promoter right share, the bank set the cut off price of Rs. 171.  The highest bid amount for the auction shares received was Rs. 301. Total 56 applicants submitted their bids for 1, 48,706 units of promoter shares. The last trading price of the shares stood at Rs 375 as on March 24, 2015.   Also Read, Cut off price of auctioned right shares near the market price shows the trend; How much to bid in Century Bank’s auction of right share ?