Swabalambhan Laghubitta’s cut off price stands at Rs 427; 109 applicants applied in the auction

Mon, Aug 19, 2019 5:06 PM on Auction, Latest, Stock Market,

Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL) opened the bid auction of its promoter shares on 30th Shrawan, 2076 at 9:30 AM at Sunrise Capital limited, Kamalpokhari, Kathmandu. This auction was opened from Ashadh 24, 2076. The bids for 3,77,457.5 unit shares were accepted. Sunrise Capital Limited was the issue manager for the auction.

As per the issue manager, cutoff for the promoter shares stood at Rs.427 as per the preliminary review. A total of 109 applicants had placed bids for the promoter shares,

The promoter shares were sold by “Mahila Sahakari Sanstha Limited”.

The microfinance company urged the interested existing promoters, other individuals and institution to place application for minimum 100 shares. The minimum bid price had been set at Rs 300, so the investor could bid Rs 300 or above Rs 300.