Prudential Insurance refunding the non-allottee auction bidders from today

Prudential Insurance is refunding the non-allottees from today.The refund amount will be sent in the respective bank account, as stated in the auction forms.

The company had auctioned 12,503 units ordinary shares from falgun 28th to 5th Chaitra. The auction was opened on 12th Chaitra and allotment was done on 14th, by BoD team of Prudential Insurance. 

603 was set as preliminary cutoff for the auction where 268 applicants participated. 

PICL was last traded for Rs 590 in the local bourse.