Auction Update :Preliminary Cut-off of Lumbini Bikas Bank stood at Rs 158

As per the officials of Vibhor Capital, the Preliminary cutoff for ordinary shares of lumbini bikas bank stood at Rs 158. There were 12 applicants bidding for Rs 158 and will be partiall allotted. Applicants bidding above it will be fully allotted . The highest bid received was for Rs 175. In case of promoter, only applications were received.

Lumbini Bikas Bank had auctioned unclaimed right shares that included 2,21989.03 unit ordinary shares and 3,75,336.44 unit promoter shares.The auction commenced from 2nd Baisakh and ended on 9th Baisakh, 2075.