Cutoff Price for 18,367 units auctioned ordinary shares of Kamana Sewa stood Rs 200; Gurkhas Finance promoter cutoff at Rs 103

Kamana Sewa Bikas Bank Limited (KSBBL) had re-auctioned 18,367 units ordinary shares and 45,587.60 units promoter shares to the general public from Ashwin 8, 2074 till Ashwin 22, 2074 after the right shares were not fully subscribed in the previous auction. The bids were opened on Ashwin 25, 2074 at NIBL Capital Markets Limited at 10:00 AM. Kamana Sewa Bikas Bank’s cut off price for its 18,367 units ordinary shares stood at Rs 200. A total of 710 applicants had bid for the ordinary shares. Similarly, the cut off price for its 45,587.60 units promoter shares stand at Rs 107. Likewise, Gurkhas Finance Limited  (GUFL) had also re-auctioned 4,24,420 units promoter shares. Its cutoff price stood Rs 103. The highest bid amount for the auction shares received was Rs 141. Out of 126 applicants, only 106 applicants grabbed the shares. Kamana has earned net profit of Rs 17.65 crore in the fourth quarter of the FY 2073/74 and in the same period, Sewa Bikas Bank has earned Rs 17.28 crore. GUFL has earned net profit of Rs 13.75 crore in the fourth quarter of the FY 2073/74. KSBBL’s last traded price (LTP) stood at Rs 205 as of last trading day while GUFL’s LTP stood at Rs 181 .