Cut off price for 6.28 lakh unit auctioned ordinary shares of Citizens Bank stood Rs 681

Citizens Bank International Limited (CZBIL) had auctioned its 6,28,041 units ordinary shares and 77,676 units Promoter share to the general public from Bhadra 24, 2073 till Bhadra 31, 2073. The bid was opened on Ashwin 2, 2073 at 2:30 PM at Citizens Bank’s Head Office, Kamaladi. As per the press release published yesterday, the bank has set the cut-off price for the 6, 28,041 units ordinary shares at Rs 681. The highest bid amount for the auction shares received was Rs 805. Total 1,534 applicants submitted their bids for 6, 28,041units of ordinary shares. Similarly, for 77,676 unit promoter right share, the bank has set the cut off price of Rs 360.  The highest bid amount for the auction shares received was Rs. 1000. Total 52 applicants have submitted their bids for 77, 676 units promoter shares. The last trading price (LTP) of the shares stood at Rs 718 as on September 20, 2016. CZBIL had earned a net profit of Rs. 1.09 arba in the fourth quarter of the last fiscal year 2072/73 as per unaudited report.