Cut off price for 21,889 units promoter shares of Nagbeli Laghubitta stood at Rs 115

Nagbeli Laghubitta Bikas Bank Limited (NBBL) had auctioned its 21,889 units promoter shares to the general public from Jestha 19, 2074 till Jestha 27, 2074. The bids were opened yesterday (Jestha 28, 2074) at 4:00 PM. As per an official of NMB Capital Limited, which managed the auction for Nagbeli Laghubitta, the cut off price for 21,889 units promoter shares stood at Rs 115. The highest bid amount for the auction shares received was Rs 120. Total 17 applicants had submitted their bids for 21,889 units promoter shares and all of them got shares. Only existing promoters of Nagbeli Laghubitta Bikas Bank were required to apply in this auction. NBBL has earned net profit of Rs 2.82 crore in the third quarter of the fiscal year 2073/74 as per its unaudited report.