Cut off price for 1.88 lakh units auctioned shares of Butwal Power Company stood at Rs 825; LTP at Rs 910

Butwal Power Company Limited (BPCL) had auctioned its 1, 88,930 units unsubscribed right shares to general public from Shrawan 21, 2073 till Shrawan 26, 2073. The bid was opened yesterday (Shrawan 27, 2073). As per the official of NMB Capital Limited, the hydropower has set the cutoff price for the 1, 88,930 units shares at Rs 825. The highest bid amount for the auction shares received was Rs. 950. The lowest bid amount received was Rs 110. Only 115 applicants were allotted shares out of the 403 applicants who submitted their bids for 1, 88,930 units of shares. NMB Capital Limited has been assigned as  the issue manager for this auction. The last trading price (LTP) of the Butwal Power Company stood at Rs 910 as on August 11, 2016. Butwal Power Company earned net profit of Rs 58.55 crore in the third quarter of the fiscal year 2072/73.