Preliminary cut off price for auctioned ordinary shares of Swarojgar Laghubitta at Rs 1700; promoter cut off at Rs 525

Swarojgar Laghubitta Bikas Bank Limited (SLBBL) had auctioned its 1,396.76 unit ordinary shares and 1,584.74 units promoter shares right share to the general public from Bhadra 8, 2074 till Bhadra 16, 2074. An official of NMB Capital Limited, which managed the auction informed that the  preliminary cut off price for 1,396.76 unit ordinary shares stood at Rs 1700. The highest bid amount for the auction shares received was Rs 2551. Total 20 applicants have submitted their bids for ordinary shares and 14 of them grabbed shares. Similarly, for 1,584.74 unit promoter shares, the microfinance company has set a preliminary cut off price at Rs. 525. The highest bid amount for the promoter shares received was Rs 550. Total 6 applicants had submitted their bids for promoter shares and 2 of them got shares. SLBBL has earned net profit of Rs 2.86 crore in the fourth quarter of the last FY 2073/74. Its last traded price stood at Rs 2485 as on September 4, 2017.