Cut off price for 37,301 unit ordinary shares of Nepal Community stood Rs 125; Jhimruk Bikas Bank cut off price for 3,889 unit promoter shares stood Rs 100

Nepal Community Development Bank Limited (NCDB) had auctioned its 37,301 units of ordinary right share and 95,000 units promoter right share to the general public from Shrawan 20, 2073 to Shrawan 28, 2073. The bid was opened on Shrawan 24, 2072. An official of NIBL Capital Markets Limited, which managed the auction for Nepal Community Development Bank, informed that the cut off price for 37,301 units ordinary shares stood at Rs. 125. The highest bid amount for the auction shares received was Rs 460. Total 73 applicants submitted their bids for 37,301  units of ordinary shares and all of them got the share. Similarly, for 95,000 unit promoter right share, the bank set the cut off price of Rs. 160.  The highest bid amount for the auction shares received was Rs. 201. Only 53 applicants have submitted their bids for 95,000 units promoter shares and 19 of them got shares. The last trading price of the shares stood at Rs 389 as on August 11, 2015. Likewise, Jhimruk Bikas Bank Limited (JHBL) had auctioned its 3,889 unit promoter right share to the general public from Shrawan 24, 2073 to Shrawan 31, 2073. The bid was opened on Shrawan 32, 2072. An official of Prabhu Capital Limited, which managed the auction for Jhimruk Bikas Bank, informed that the cut off price for 3,889 unit promoter shares stood at Rs. 100. The highest bid amount for the auction shares received was Rs 195. Only 7 applicants have submitted their bids for 3,889 units promoter shares and 6 of them got shares Nepal Rastra Bank had given final approval for the merger of Jyoti Bikas Bank Limited and Jhimruk Bikas Bank Bank Limited. The joint transaction of both development banks has started from Shrawan 28, 2073 as Jyoti Bikas Bank Limited.