Cutoff price for 14,975 units ordinary shares of Nerude Laghubitta stood at Rs 1,193; Srijana Finance sweeps away majority of promoter shares

Nerude Laghubitta Bikas Bank Limited (NLBBL) had auctioned 93,977 units of promoter right shares and 14,759 units ordinary shares from Asadh 13 to Asadh 20, 2074. The bids were opened today at Sunrise Capital Limited at 3:00 PM. The cutoff price for ordinary shares stood at Rs 1,193. Out of 145 applicants, 39 got the shares. Highest bid of Rs 1,250 as received for the shares. Likewise, out of 44 bidders who bid for promoter shares, 26 got the promoter shares of NLBBL. The cutoff price for promoter shares stood at Rs 241. Srijana Finance Limited had bid for 20,000 promoter shares at Rs 261, another 20,000 shares for Rs 251 and another 20,000 promoter shares for Rs 241. NLBBL has earned net profit of Rs 7.85 crore in the third quarter of the fiscal year 2073/74 as per its unaudited report. Its LTP stood at Rs 1,263 as of today (July 5, 2017). The non-allottees of this auction will be refunded from Asadh 28, 2074 through refund warrants issued from Sunrise Capital, Kamalpokhari.