Yes Rs.2000 would be the minimum bid price which Canara Bank would expect. It is just like an auction so the bids can be higher than the base price.
Given the current environment I won't be surprised to see bids coming at 10% higher (or more) than the base price. Why would somebody bid higher? That is because an institutional investor or an Ultra HNI wouldn't be able to get his desired quantity from the market due to illiquidity. We saw what happened to the price when Catamaran sold there stake earlier.
I won't be surprised to see other existing major holders also pare their stake at a premium to CMP due to this stake sale by Canara Bank. There is interest in Canfin so interested parties may also approach other existing major holders.
This is a classic case of how illiquidity can help early entrants. Management has done really well not to issue a bonus or stock split despite demands being made in concalls.
I would prefer them not giving any bonus or stock split in future too till the business is doing well.
Discl: Invested and >20% of PF.