Cut off price for 41,769 units auctioned ordinary shares of Alpine Development Bank stood at Rs 312

Alpine Development Bank Limited (ALDBL) had auctioned its 41,769 units ordinary and 32,315 units promoter right share to the general public from Mangsir 12, 2073 till Mangsir 19, 2073. The bid was opened yesterday (Mangsir 20, 2073) at 4 PM. An official of NMB Capital Limited managing the auction for Alpine Development Bank informed that the cut off price for 41,769 unit ordinary shares stood at Rs 312. The highest bid amount for the auction shares received was Rs 370. Similarly, the cut off price for 32,315 units promoter shares stood Rs 110. The highest bid amount for the auction shares received was Rs 125. Total 119 applicants submitted their bids for 41,769 units ordinary shares and 23 applicants for 32,315 units promoter shares. “The data are preliminary and final data may vary”, added the official. Its last traded price stood at Rs 370 as on December 5, 2016. Alpine Development Bank has earned net profit of Rs 54.56 lakh in the first quarter of the fiscal year 2073/74 as per unaudited report.