Cutoff price for 2.98 lakh units auctioned ordinary shares of NIC Asia Bank set at Rs 411

NIC Asia Bank Limited (NICA) had auctioned its 2,98,536  units ordinary shares to the general public from Asadh 1 to Asadh 8, 2074. The bids were opened today at NIC Asia Capital, Babarmahal at 1:30 PM. As per an official of NIC Asia Capital, which managed the auction for NIC Asia Bank, informed that the cut off price for its 2,98,536 units ordinary shares stood at Rs 411. All bidders who bid at least Rs 411 per share or above have been allotted the shares. Some bidders had bid as high as Rs 650 for the shares, informed the official. Its last traded price (LTP) stood at Rs 432 as of yesterday (June 22, 2017). Also See: Cutoff Price of Ordinary and Promoter shares of Prabhu Insurance