Cut off price of auctioned right shares near the market price shows the trend; How much to bid in Century Bank’s auction of right share ?

Century Commercial Bank Limited (CCBL) has been auctioning its ordinary right shares and promoter right shares to the general public from Chaitra 5, 2072. The auction will last till Chaitra 11, 2072 (today). Interested investors who want to acquire the shares of CCBL have one more day to file their bids for the ordinary and promoter right shares. The bank is selling 1, 41,061 units of ordinary right share and 1, 48,706 units promoter right shares. The last trading price of CCBL stands at Rs 380 as on Chaitar 8, 2072. The main question lies in what will be the cut off price for the auction? Looking at the earlier trend, it can be said that the cutoff will be near to the market price. Most probably the cut off price will be Rs 25-35 less than the last trading price of the auction closing day (today). When Machapuchchhre Bank Limited (MBL) auctioned its 2,33,983.79 units ordinary right share to the general public its cut off stood at Rs. 525. The last trading price of Machapuchchhre shares, a day before the bid opening day stood at Rs. 560. Laxmi Bank Limited (LBL) had auctioned its 186,462 units ordinary right shares to the general public. The cut off price for the auction was set at Rs. 477.60 whereas the last trading price, a day before the bid opening day stood at Rs.517. Likewise, when Sunrise Bank Limited (SRBL) auctioned its 1,66,248 units ordinary shares, the cut off price stood at Rs. 426. The last trading price of shares of Sunrise Bank, a day before the bid opening was at Rs. 452. Now a days,  not much difference is seen in the cut off price of auctioned shares and market price of the shares of a respective bank. The reason behind this is that Mutual Funds and Institutional investors bid for the auctioned shares at a high price and for a bigger volume compared to the general investors.