Auction is the process of selling unsubscribed right shares to the public or promoter of the company at the price of Rs 100 & above. Moreover, company may also sell shares of another company which are already hold by them through auction. In line with the fact, auctions are considered as an lucrative opportunity to bid and grab the shares at around par value. Investors can make capital gains by selling at market price. For the company who auctioned shares is also beneficial as premium collected from auction are directly transferred to the reserve account which increases net worth of the company.
At present, it might be an great opportunity for those who are planning to bid in the auction. Currently there are 6 companies auctioning their shares. And we have prepared table consisting of various important information of ongoing auction.
