Bids Opened for Auctioned Shares of Sana Kisan Laghubitta (SKBBL); What are the Cut-off Rates?

Sana Kisan Laghubitta Bittiya Sanstha Limited (SKBBL) had auctioned its promoter rights shares and ordinary rights shares from 28th Falgun. This auction concluded on 13th Chaitra, 2077.

The company had issued a rights offering from Mangsir 25, 2072 to Poush 30, 2072. In the issue, 3,368 units of promoter rights shares and 9,074 units of ordinary rights shares were unclaimed. The same right shares were then auctioned.

The bids received in the auction have been opened at the office of the auction manager today. According to the auction manager Nabil Invest, the tentative cut-off rate for the ordinary shares is Rs. 1,605. Similarly, the tentative cut-off rate for the promoter shares is Rs. 1,001. Thus, those who bid at or above the cut-off rates will be allotted. Note that this is the tentative rate and the final data might change after reconciliation.