Cutoff of auctioned ordinary and promoter shares of Manjushree Finance stood at Rs 127 and Rs 100 respectively; auction fully subscribed
Manjushree Finance Limited (MFIL) had auctioned its unsold 16,563.90 unit right shares of promoter group and 22,548.10 unit right shares of ordinary shareholders group.
NIBL Ace Capital Limited has been appointed as the issue manager for the auction.
Promoter Shares
According to the officials at NIBL Ace, 3 applications were received in total for promoter shares. The cutoff of auction stood at Rs 100 and the maximum bid was received at Rs 110. The auction was fully subscribed.
Ordinary Shares
Ssimilarly, the cutoff for ordinary shares stood at Rs 127, where the maximum bid received was Rs 160. A total of 107 applications were received for 1,25,401 unit shares.
Its LTP stood at Rs 129.
