Auction of Kabeli Bikas Bank promoter shares closed; all applicants allotted subscribed shares at minimum of Rs. 100

Kabeli Bikas Bank Limited (KEBL) had opened the auction for unsubscribed right shares of 45,391 units from Chaitra 27, 2074 to Baisakh 04, 2075.

All the applicants who subscribed for the shares were allotted at the minimum price of Rs. 100. The maximum bid price was Rs 105.

After the adjustment of the rights shares, the bank’s total paid-up capital will reach Rs 10.52 crore from the existing Rs 7.01 crore. The bank has authorized capital of 25 crore.

The issue manager for the auction was Global IME Capital.