Cutoff Price for 5.65 lakh units ordinary shares of Jyoti Bikas Bank stood at Rs 182.1

Jyoti Bikas Bank Limited (JBBL) had auctioned 28,12,336.60 units promoter shares and 5,65,171.40 units ordinary shares from Asadh 21 to Asadh 28, 2074. The bids were opened today at Siddhatha Capital, Naxal at 7:00 AM. The cutoff price for ordinary auctioned shares stood at Rs 182.10. The highest bid amount received was Rs 290. Total 1,015 applicants have submitted bid for 5.65 lakh unit auctioned ordinary shares and only 505 applicants got shares. Similarly, among 22 applicants in promoter shares, 21 applicants were allotted as 1 applicant is not promoter, so application was cancelled. The highest bid amount received was Rs 105 for promoter shares. 7,73,326 shares were remain unsold. Jyoti Bikas Bank Limited has earned net profit of Rs 19.26 crore in the third quarter of FY 2073/74. Its last traded price stood at Rs 204 as of yesterday (July 11, 2017). The bank will be refunding auction money after 3 days of the allotment. Its LTP stood at Rs 210 as of yesterday (July 13, 2017).