Know the cutoff price of auctioned Shangrila Development Bank promoter and ordinary shares

The cutoff price for auctioned 5,09,225 unit ordinary shares of Shangrila Development Bank Limited (SADBL) is likely to stand at Rs 142. The bids were opened today at Prabhu Capital Limited premises, and Rs 142 was informed to be the preliminary cutoff price. Out of total 1225 applicants, only 320 applicants will get the auctioned shares. Maximum bid price for the ordinary share stood at Rs 200. Siddhartha Equity Fund had bid for 50,000 ordinary shares at Rs 142, while Siddhartha Equity Oriented Scheme had bid for 50,000 shares at Rs 132. JSK Nepal Investment Pvt Ltd. bid for 44,656 shares for Rs 131, but its application was rejected since it applied for odd kitta (not divisible by 10). Birendra Bahadur Shah bid for 1 lakh kitta at Rs 127. Kriti Capital got hold of 2,000 shares for Rs 149.51. Similarly, the preliminary cutoff price for the auctioned 3,92,772.50 units promoter shares stood at Rs 105. There was a demand from 71 applicants for promoter shares. Maximum bid price for promoter shares stood at Rs 156. SADBL had auctioned the shares from Chaitra 13 to Chaitra 20, 2074 after all of its right shares were not claimed by its shareholders. SADBL had issued 10:8 right shares from Poush 17 to Magh 29, 2074. The current paid-up capital of SADBL is Rs 1.35 arba. After the issuance of right share, its paid-up capital will reach Rs 2.44 arba. The last trading price of SADBL stood at Rs 173 as of yesterday (Chaitra 23, 2074).