Preliminary Cut off price for 15,903 units auctioned ordinary shares of Laxmi Laghubitta stood at Rs 1000

Laxmi Laghubitta Bittiya Sanstha Limited (LLBS) had auctioned 15,903 ordinary right shares to the general public from Poush 6, 2073 till Poush 13, 2073. The bid was opened yesterday (Poush 13, 2073) at 10:00 AM. An official of NMB Capital Limited managing the auction for Laxmi Laghubitta informed that the cut off price for 15,903 unit ordinary shares stood at Rs 1,000. The highest bid amount for the auction shares received was Rs 1,170. The lowest bid amount was Rs 100. Total 123 applicants submitted their bids for the auctioned ordinary shares where 32 applicants got the shares. “The data are preliminary and final data may vary”, added the official. Its last traded price stood at Rs 1,200 as on December 28, 2016. Recently, Laxmi Laghubitta has proposed 20 percent cash dividend to its shareholders from the profit it earned in the last fiscal year 2072/73. Those eligible shareholders of 100% right share of the microfinance company will get only 10 percent cash dividend. Laxmi Laghubitta has earned net profit of Rs 2.48 crore in the first quarter of the fiscal year 2073/74 as per unaudited report.