Pokhara Finance Auction : Cut-off for Ordinary shares stood at 140

The bid opening program for Pokhara finance auction has successfully conducted today at NIBL ACE Capital. As per the sources, the cut off for ordinary shares stood at 140 whereas the same for promoter shares stood at Rs 100. 

Pokhara finance auction was open from 18th to 25th Chaitra, 2074. The company had auctioned 1,00,353.47 unit ordinary and 80,348.27 unit promoter shares.

Pokhara Finance had floated 9,83,682.74 unit right shares at a ratio 10:1.5 from 30th Poush. The right issue closed on 6th Falgun, 2074, where approx. 1.80 lakh (18.37%) shares were unsubscribed. Those shares were then auctioned among general public. However, only existing promoters were eligible to bid for promoter shares.