12 investor’s allotted 30,552 units auctioned ordinary shares of Srijana Finance; Cut-off price stood Rs 375.11

Srijana Finance Limited (SFFIL) had auctioned its 30,552 units ordinary and 30,670 units promoter right shares to general public from Ashad 7, 2073 till Ashad 21, 2073. The bid was opened on Ashad 24, 2073 (Friday). As per the official of Srijana Finance Limited, the cutoff price for the 30,552 units ordinary right shares at Rs. 375.11.  The highest bid amount for the auction shares received was Rs. 451. Only 12 applicants were allotted shares out of the 150 applicants who submitted their bids for 30,552 units of ordinary shares. Similarly, for 30,670 units promoter right share, the finance company set the cut off price of Rs. 125.11. The highest bid amount for the auction shares received was Rs. 200. Only 3 applicants were allotted shares out of the 10 applicants who submitted their bids for 30,670 units of promoter shares. NCM Merchant Banking Limited was the issue manager for this auction. The last trading price (LTP) of the shares stood at Rs 71 as on November 3 , 2015.