Cutoff Price for 46,361.25 units auctioned ordinary shares of Manaslu Bikas Bank stood at Rs. 431

Manaslu Bikas Bank Limited (MSBBL) had auctioned its 46,361.25 units ordinary right shares to the general public from Poush 11, 2073 to Poush 19, 2073. The bid was opened today (Poush 20, 2073). An official of Prabhu Capital Limited, which managed the auction for Manaslu Bikas Bank informed that the cut off price for the 46,361.25 units ordinary shares stood at Rs. 431. The highest bid amount for the auctioned shares was Rs. 490. 117 applicants had submitted their bids and only 4 of them got shares. The Last Trading Price (LTP) of the shares stood at Rs 500 as on October 6, 2016. Trading of MSBBL is on halt in NEPSE following its merger with Om Development Bank Limited. Manaslu Bikas Bank earned Rs. 1.33 crore in the first quarter of the current fiscal year 2073/74.