Preliminary Cut Off price of Sindhu Bikas for ordinary stood Rs 270; Purnima Bikas ordinary Cut Off remains Rs 411

Sindhu Bikas Bank Limited (SINDU) had auctioned 81,282.75 units ordinary share and 1, 92,485.25 units promoter unclaimed right share from Mangsir 9, 2073 till Mangsir 16, 2073. The bid was opened today (Mangsir 17, 2073) at 1 PM at the premises of NIBL Capital Markets Limited. An official of NIBL Capital Markets Limited managing the auction for Sindhu Bikas Bank informed that, the preliminary data of cut off price for 81,282.75 units ordinary shares stood at Rs 270. Total 111 applicants submitted their bids for 81,282.75 units of ordinary shares and 8 applicants for 1, 92,485.25 units promoter shares. 1, 92,485.25 units Promoter right share were not fully subscribed. Since the bid was opened today, the data are preliminary as final data may vary added official. Its last traded price stood at Rs 382 as on December 1, 2016. Likewise, Purnima Bikas Bank Limited (PURBL) had auctioned 29,973.08 units ordinary share and 37,136.52 units unclaimed promoter right share from Mangsir 2, 2073 till Mangsir 16, 2073. The bid was opened today (Mangsir 17, 2073) at 1 PM at the premises of Siddhartha Capital Limited. An official of Siddhartha Capital managing the auction for Purnima Bikas Bank informed that, the cut off price for 29,973.08 units ordinary shares stood at Rs 411. Total 104 applicants submitted their bids for 29,973.08 units of ordinary shares and 16 applicants for 37,136.52 units promoter shares. Since the bid was opened today, the data are preliminary as final data may vary added official. Its last traded price stood at Rs 461 as on December 1, 2016.