Manjushree Finance Auction : Cutoff for Ordinary shares stood at Rs 127 and Rs 100 for Promoter shares

The bid opening program for Manjushree Finance was successfully conducted yesterday in NIBL ACE Capital premises. 

As per the sources, the cutoff for ordinary shares stood at Rs 127. A total of 107 applicants had applied for the auction where an application with bid price as high as Rs 160 was also received. The company had auctioned 22,458.10 units ordinary shares. 

Similarly, the cutoff for promoter shares stood at Rs 100. 3 applicants had applied for the shares and the shares were fully subscribed. The company had auctioned 16,563.90 units promoter shares. 

NIBL ACE Capital was managing the auction. 

Manjushree finance had floated 5% right share from Chaitra 8th. The issue ended on Baishakh 12th, 2075. The unclaimed shares at that time were the one auctioned. 

Manjushree Finance was last traded for Rs 129 in the stock market.