Cut off price for 1.45 lakh units auctioned promoter shares of NGBBL stood at Rs 220

Nirdhan Utthan Bank Limited (NUBL) had auctioned 1,45,572 units Nepal Grameen Bikas Bank Limited (NGBBL) unclaimed promoter share at Rs 200 minimum price from Mangsir 12, 2074. An official of NIBL Capital Markets Limited, which managed the auction, informed that the cut off price for the promoter auctioned shares stood at Rs 220. Maximum bid price received was Rs 362. Total 56 applicants bid for the auctioned promoter shares of NGBBL. All the promoter shares were subscribed this time. Earlier, the microfinance company had auctioned 1,91,992 units shares of NGBBL at Rs 300 on Kartik 20 till Mangsir 6, 2074. Only 46,420 units promoter shares were claimed while 1,45,572 units promoter shares of NGBBL were not subscribed then the company has re-auctioned the unsold promoter shares of NGBBL. Nirdhan Utthan Bank Limited (NUBL) will able to earn minimum Rs 3.84 crore if the entire shares are sold. NGBBL has earned Rs 1.81 crore in the first quarter of the FY 2074/75.