Cut-off of Jebil Finance's auctioned ordinary share stands at Rs 110.25; Promoter shares still not fully subscribed
Fri, Jan 4, 2019 7:35 PM on Auction, Latest, Stock Market,
Jebils Finance Limited (JEFL) had opened an auction for its unsold right shares. The finance company had opened bids for 9,97,628 unit shares from Poush 10, 2075.
The finance is auctioning 6,65,955.50 units promoter shares and 3,31,672.50 units ordinary shares.
Sunrise Capital Limited has been appointed as the issue manager for the auction of the shares.
Promoter shares
A total of 5 applications were received for promoter shares applying for 3.25 lakh unit shares leaving it undersubscribed once again. All the applicants were allotted the applied number of shares.
Public shares
A total of 69 applications were received and the auction was oversubscribed. The cut-off of auction stands at Rs 110.25, where the maximum bid was received at Rs 111. Even among the applicants applying at Rs 110.25 will be allotted on pro-rata basis.
After the adjustment of 40% right share the paid-up capital will reach Rs 80.91 crore from current capital of Rs 57.79 crore.
