Cutoff Price for 7.70 lakh units promoter shares of Jyoti Bikas Bank stand at Rs 100.025

Jyoti Bikas Bank Limited (JBBL) had auctioned 7,70,047.60 units promoter shares from Shrawan 16 to Shrawan 23, 2074. The bids were opened today at Siddhatha Capital, Naxal. As per official of Siddhartha Capital, which managed the auction for Jyoti Bikas Bank informed that the cutoff price for promoter auctioned shares stood at Rs 100.025. The highest bid amount received was Rs 200. Total 142 applicants have submitted bid for 7.70 lakh unit auctioned ordinary shares. Except one applicant, all other applicants are allotted shares. Jyoti Bikas Bank Limited has earned net profit of Rs 19.26 crore in the third quarter of FY 2073/74. The bank will be refunding auction money after 3 days of the allotment. Its last traded price stood at Rs 164 as of last trading day.