Shree Investment and Finance Auction Concludes : tentative Cut-off Rs 186 for Ordinary Shares

The Bid opening program of Shree Investment and Finance Auction is successfully conducted today at Siddhartha Capital Ltd. The program started at 7:30 AM. 

As per the officials, the tentative Cutoff for ordinary shares stood at Rs 186, a total of 175 applicants had applied for such type of share. However, no applications were received for promoter shares.

Shree Investment and Finance had auctioned 2,77,996.53 unit Promoter and 66,377 units ordinary shares from 8th Chaitra, 2074. (22nd March, 2018). The auction ended on 16th Chaita,2074 (30th March).

Shree Investment and Finance had floated 28.67 lakh unit right shares at a ratio 100:83 from 15th Magh. The right issue closed on 20th Falgun, 2074, where approx. 3.44 lakh (12%) shares were unsubscribed. Those shares were auctioned among general public. However, only existing promoters were eligible to bid for promoter shares.   

Siddhartha Capital is managing the auction.