Cut off price for 2.21 lakh units auctioned ordinary shares of Sewa Bikas Bank stood at Rs 210.4
Wed, Mar 8, 2017 11:31 AM on Latest, Featured, Stock Market,
Sewa Bikas Bank Limited (SEWA) had auctioned 2,21,607 units ordinary shares and 10,40,171 units promoter shares to the general public from Falgun 17, 2073 till Falgun 23, 2073. The bids were opened yesterday (Falgun 24, 2073) at 3:00 PM.
An official of NMB Capital Limited, which managed the auction for Sewa Bikas Bank, informed that the preliminary cut off price for 2,21,607 units ordinary shares stood at Rs 210.4. The highest bid amount for the auction shares received was Rs 354. Total 693 applicants had submitted their bids for 2, 21,607 unit ordinary shares.
Similarly, for 10, 40,171 units promoter shares, the bank has set a preliminary cut off price of Rs. 100. Total 13 applicants had submitted their bids for 10, 40,171 units of promoter shares and 4 applicants were disqualified as the applicants were found to be public shareholders. Only existing promoters of the development bank could bid for the promoter shares.
“The data are preliminary as final data may vary.” added the official.
Sewa Bikas Bank Limted has posted a net profit of Rs 7.72 crore till the second quarter of the fiscal year 2073/74. Kamana and Sewa Bikas Bank Limited have signed Memorandum of Understanding (MOU) for merger on Mangsir 10, 2073. After merger, the merged entity will be named “Kamana Sewa Bikas Bank Limited”.
Its last traded price stood at Rs 309 as on November 24, 2016.
Similarly, for 10, 40,171 units promoter shares, the bank has set a preliminary cut off price of Rs. 100. Total 13 applicants had submitted their bids for 10, 40,171 units of promoter shares and 4 applicants were disqualified as the applicants were found to be public shareholders. Only existing promoters of the development bank could bid for the promoter shares.
“The data are preliminary as final data may vary.” added the official.
Sewa Bikas Bank Limted has posted a net profit of Rs 7.72 crore till the second quarter of the fiscal year 2073/74. Kamana and Sewa Bikas Bank Limited have signed Memorandum of Understanding (MOU) for merger on Mangsir 10, 2073. After merger, the merged entity will be named “Kamana Sewa Bikas Bank Limited”.
Its last traded price stood at Rs 309 as on November 24, 2016.
