Gaumukhee Bikas Bank cut off price for 30,996 units ordinary shares stood at Rs 327.50

Gaumukhee Bikas Bank Limited (GABL) had auctioned its 30,996 units ordinary shares and 10,445 units promoter right share to the general public from Poush 8 to Poush 17, 2072. The bid was already opened yesterday (Poush 19). According to the official of NMB Capital Limited, the development bank has set the cutoff price for the 30,996 units ordinary shares at Rs 327.50. The highest bid amount for the auction shares received was Rs 470. Total 112 applicants have submitted their bids for 30,996 units of ordinary shares. Similarly, for 10,445 units promoter shares the cut off price stood at Rs. 102. The highest bid amount for the auction shares received was Rs.105. Only 5 applicants have submitted their bids for 10,445 units promoter shares and all of them got shares. The development bank was selling 30,996 units of ordinary right share and 10,445 units promoter right share after the rights shares issued on Ashwin 24 were not fully subscribed by the investors. The last trading price of the shares stood at Rs 489 per share on September 1, 2015.