How Much will be the Cut off Price of Upcoming Auction Scripts including ADBL ?

Nepal Stock Market Update- Auction

All the investors normally try to acquire unclaimed shares below than market price. However, trend shows that few investors might bid above the market price. This is due to unaware of recent market price or with some blind mistakes otherwise, there is no logic to spend more money in auction than market price.  

Cutoff price for Banks, Development Banks, Finance and any other financial institutions depends upon the demand, interest of investors, goodwill and number of shares auctioning. Trend shows that cutoff price for commercial banks are higher than development banks and finance companies.

Agricultural Development Bank had auctioned more than 19.68 lakh units, which is the largest auction of unclaimed right shares of any company in Nepal.

Auctioning of some other companies' script are in pipeline.
Some of the companies' market price is already below than their cut off price of auctioned shares.

Latest Auction : MBL, Cut off price: 8.31% below than Closing Market Price

For the reference, here is a table of latest 13 companies' cut off price.

S.N	NAME	AUCTION				CLOSING PRICE OF MP	CUT OFF	MP/Cut off Price	ISSUE
		T. UNIT	OPENING	CLOSING	BID OPENING	ON AUCTION CLOSING DAY	PRICE	Less %	MANAGER
1	Araniko Dev Bank	51090	2017-01-23	2017-02-06	2017-02-07	370	186	-49.73	Siddhartha Capital
2	Triveni Bikas Bank	229143	2017-01-26	2017-02-02	2017-02-03	346	202	-41.62	Ace Capital
3	Sewa Bikas Bank	221607	2017-02-28	2017-03-06	2017-03-07	309	210.4	-31.91	NMB Capital
4	Seti Finance	66682.1	2017-02-22	2017-03-02	2017-03-05	160	127.02	-20.61	NIBL Capital
5	Muktinath Bikas Bank	103167	2017-01-25	2017-02-01	2017-02-03	760	613	-19.34	NIBL Capital
6	ADBL	1968575	2017-02-09	2017-02-23	2017-02-26	440	361	-17.95	Ace Capital
7	Manaslu Bikas Bank	46361	2016-12-26	2017-01-03	2017-01-04	500	431	-13.80	Prabhu Capital
8	United Finance Ltd	18253	2016-12-26	2017-01-09	2017-01-10	274	241	-12.04	United Finance
9	Siddhartha Bank ltd	158518	2017-01-24	2017-01-30	2017-01-31	896	812.5	-9.32	Siddhartha Capital
10	Miteri Dev Bank	42259	2017-01-10	2017-01-17	2017-01-19	490	445	-9.18	Prabhu Capital
11	MBL	323206	2017-03-10	2017-03-16	2017-03-17	355	325.5	-8.31	Civil Capital
12	Surya Life Insurance	20973	2016-12-27	2017-01-02	2017-01-03	691	653	-5.50	Laxmi Capital
13	Sagarmatha Finance	167144	2017-03-09	2017-03-15	2017-03-17	226	220	-2.65	Sagarmatha Finance