Cutoff Price for 3.56 lakh units auctioned promoter shares of Deva Bikas Bank at Rs 105.11

Deva Bikas Bank Limited (DBBL) had auctioned 3,56,297.38 units promoter shares from Jestha 28, 2074 to Ashad 1, 2074 after auctioned promoter shares were not fully subscribed in the previous auction. Deva Bikas Bank had auctioned 2,34,318.01 units ordinary shares and 3,83,297.38 units promoter shares on Baisakh 28. Only 27,000 units promoter shares were subscribed in the previous auction. The bids were opened on Friday. As per an official of NIBL Capital Markets Limited, the issue manager for the auction, the cutoff price for promoter shares was Rs 105.11 per share. The highest bid price received was Rs 260. Total 92 applicants submitted their bids for 3,56,297.38 units promoter shares. DBBL has earned net profit of Rs 19.90 crore in the third quarter of the fiscal year 2073/74. It is acquiring Union Finance, Sahara Bikas Bank and Sajha Bikas Bank.