Cutoff price of Nabil Balanced Fund 1 scheme published; except two debenture, all other scrips fully subscribed
Tue, Jun 5, 2018 10:31 AM on Auction, Featured, Stock Market,
Nabil Balance Fund-1 was a closed end 5 years mutual fund scheme of Rs 75 crore managed by Nabil Investment Banking Limited and sponsored by Nabil Bank Limited. The mutual fund scheme was started on Chaitra 30, 2069 and matured on Chaitra 29, 2074. The per unit price of the share of NBF-1 is Rs 16.51 as on Chaitra 28, 2074.
The company had holdings of 24 different companies and 6 different debentures. For the purpose of the auction it has divided its holdings into 4 categories. A total of 83 applications were received for the auction. The auction has completed and the cutoff are mentioned below:
Group A
|
S No |
Company Name |
Company Code |
Unit of shares |
Cut-off price |
|---|---|---|---|---|
|
1 |
Mega Bank Nepal Limited |
MEGA |
27,393 |
218 |
|
2 |
Tourism Development Bank Limited |
TDBL |
16,415 |
167 |
|
3 |
Himalayan Bank Limited |
HBL |
5,906 |
570 |
|
4 |
Miteri Development Bank Limited |
MDB |
5,538 |
283 |
|
5 |
Om Development Bank Limited |
ODBL |
3,140 |
173.52 |
|
6 |
Shine Resunga Development bank Limited |
SHINE |
1,785 |
272 |
|
7 |
Siddhartha Bank Limited |
SBL |
3,317 |
303 |
|
8 |
Neco Insurance Company Limited |
NIL |
11,303 |
552 |
|
9 |
NLG Insurance Company Limited |
NLG |
4,694 |
892 |
|
10 |
First Microfinance Development Bank Limited |
FMDBL |
6,359 |
552 |
|
11 |
Nerude Laghubitta Bikas Bank Limited |
NLBBL |
1,489 |
706 |
|
12 |
Nirdhan Utthan Bank Limited |
NUBL |
4,292 |
1091 |
|
13 |
Sana Kisan Bikas Bank Limited |
SKBBL |
2,118 |
1163 |
|
14 |
Suryodaya Laghubitta Bittiya Sanstha Limited |
SLBS |
1,619 |
1557 |
Group B
|
S No |
Name |
Units |
Cutoff |
|---|---|---|---|
|
1 |
10% Global Bank Limited Debentures |
24,000 |
1005 |
|
2 |
8% Laxmi Bank Debentures, 2076 |
20,000 |
1000 |
|
3 |
8% SBL Debenture, 2076 |
10,000 |
Not subscribed |
|
4 |
8% Everest Bank Limited Debentures, 2079 |
10,000 |
1000 |
|
5 |
8% BOK Debentures, 2076 |
10,000 |
Not subscribed |
|
6 |
8.5% Citizens Bank Bond, 2077 |
40,095 |
1000 |
Group C
|
S No |
Company Name |
Company Code |
Units of shares |
Cut off |
|---|---|---|---|---|
|
1 |
Century Commercial Bank Limited |
CCBL |
39 |
181.23 |
Group D
|
S.No |
Company Name |
Company Code |
Units of shares |
Cut-off |
|---|---|---|---|---|
|
1 |
Aarambha Microfinance Bittiya Sanstha Limited |
AMFI |
612 |
1400 |
|
2 |
Swadeshi Laghubitta Bittiya Sanstha Limited |
SDESI |
924 |
1723 |
|
3 |
Support Microfinance Bittiya Sanstha Limited |
SMB |
563 |
1118 |
|
4 |
Unnati Microfinance Bittiya Sanstha Limited |
UMB |
387 |
1905 |
|
5 |
Deprosc Development Bank Limited |
DDBL |
641 |
800 |
|
6 |
Nepal Seva Laghubitta Bittiya Sanstha Limited |
338 |
1400 |
|
|
7 |
RMDC Laghubitta Bittiya Sanstha Limited |
RMDC |
500 |
665 |
|
8 |
Samata Microfinance Bittiya Sanstha Limited |
SMATA |
304 |
1600 |
|
9 |
Samudayik Laghubitta Bittiya Sanstha Limited |
703 |
1200 |
As presented in the tables above, all the auctioned scrips have been subscribed except two debentures. However data regarding highest bidder and the bidder take most scrips weren’t disclosed.
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