Kamana Sewa Bikas Bank’s re-auctioned promoter right shares oversubscribed; tentative cut-off at Rs 100
Wed, Jun 13, 2018 9:03 AM on Auction, Dividend, Bonus & Rights, Latest, Stock Market,
Kamana Sewa Bikas Bank Limited (KSBBL) had re-auctioned its unsold 1,50,536.93 unit promoter right shares from Jestha 20 till Jestha 27, 2075. The bids were opened today at 10:00 AM at NMB Capital Limited, Nagpokhari, Kathmandu.
As per an official of NMB Capital, there was over-subscription for the 1,50,536.93 units promoter shares from 52 applicants. However, the shares have not been allotted to the applicants.
The maximum price of Rs 150 per share and the minimum price of Rs 100 per share were received as bids. The cut-off price has not been decided yet. However, tentative cut-off price might be Rs 100 per share, according to the official of NMB Capital.
Its paid-up capital will reach Rs 2.36 arba from existing Rs 2.05 arba after the adjustment of 15% right shares. To meet the capital requirement of Rs 2.5 arba, it should hike its capital by Rs 14 crore.
It had earned Rs 22.81 crore in the third quarter of the FY 2074/75. Its last traded price stood at Rs 155 as of yesterday.
