Single applicant applied and allotted more than 2 Million units of auctioned Sanima Bank Promoter Share; cut off stands at Rs.180.10

Sanima Bank Limited (SANIMA) had closed the auction for 2,718,835 unit promoter shares on Chaitra 25, 2075. This auction was opened since Chaitra 7, 2075. The bid opening date for the same was today.

Sanima Capital Limited has been appointed as the issue manager for the auction of the shares. As per the issue manager, a single applicant namely, Employees Provident Fund (EFP) had applied for the action for all the offered shares. The applicant had placed the bid at Rs.180.10 per share.

The auctioned promoter shares have been allotted to Employees Provident Fund.

The LTP of the promoter shares of Sanima Bank stands at Rs.265 per share as of 28^th May, 2017.

The number of shares put up for auction exactly matches the number of share that Mr. Birendra Prasad Mahato holds which is 3.40% of the paid up capital. It is highly likely that the auction of promoter shares are the shares held by him.