14 investors were allotted 4,367 units auctioned shares of Prudential Insurance; cut off price stood at Rs 275.25

Prudential Insurance Company Limited (PICL) had auctioned its 4,367 units ordinary right shares to the general public from Ashwin 21, 2072 to Ashwin27, 2072. The bid was opened on Ashwin 29, 2072 (Friday). An official of Global IME capital Limited, which managed the auction for Prudential Insurance, informed that the insurance set cutoff price for 4,367 units ordinary shares stood at Rs 275.25. The highest bid amount for the auction shares received was Rs 451 and lowest bid was Rs 200. Only 14 applicants were allotted shares out of the 20 applicants who submitted their bids for 4,367units of ordinary shares. Prudential Insurance had earned net profit of Rs 8.69 crore in its fourth quarter of the last fiscal year 2071/72. The last trading price of the shares stood at Rs 494per share as on October 11.