Kakrebihar Bikas Bank cut off price for 14,938 units ordinary shares stood at Rs 295; LTP stood Rs 292

Kakrebihar Bikas Bank Limited (KKBL) had auctioned its 14,938 units of ordinary right share and 64,805 units promoter right share to the general public from Chaitra 14 to Chaitra 22, 2072. The bid was opened on Chaitra 26, 2072 (Friday). An official of Growmore Merchant Banker Limited, which managed the auction for Kakrebihar Bikas Bank , informed that the cut off price for14,938  units ordinary shares stood at Rs 295. The highest bid amount for the auction shares received was Rs 333.33. Only 6 applicants were allotted shares out of the 63 applicants who submitted their bids for 14,938 units of ordinary shares. Similarly, for 64,805 units promoter right share, the bank set the cut off price of Rs 112. The highest bid amount for the auction shares received was Rs 300. Total 14 applicants submitted their bids for 64,805 units of promoter shares, 3 were invalid applicant and remaining 11 applicants got the shares. . The last trading price of the shares stood at Rs 292 as on December 27, 2015.