Cut off price for 3.72 lakh unit auctioned right shares of Jebils Finance stood at Rs 111.11 and Rs 100 for ordinary and promoter shares respectively

Jebils Finance Limited had auctioned its 3,72,427.50 units right shares to the general public on Magh 14, 2074. The bid was opened on Magh 20, 2074. As per the preliminary data, the cutoff price for ordinary shares stood at Rs 111.11 (fully allotted) and Rs 111 (partial allotted). The highest bid amount received was Rs 130. Total approx.179 applicants have submitted their bids for 74,220.63 units ordinary shares after the right shares issued from Ashwin 2 to Kartik 20, 2074 were not fully subscribed by its shareholders. The cutoff price for promoter share was Rs 100 and was applied for by 3 applicants for 2,98,206.87 unit promoters shares. All the shares were fully subscribed. The last day for bidding was on Magh 14, 2074. Jebils Finance currently has paid up capital of Rs 28.89 crore and after the issuance of right shares its paid up capital will rise to Rs 57.78 crore. Its paid up capital will reach to Rs 83.80 crore from existing Rs 57.79 crore after adjustment of 40% right shares for which JEFL is seeking approval from SEBON and 3.57% bonus shares from the net profit of FY 2073/74. Sunrise Capital was the issue manager for the auction of the right shares. The Finance company had posted a net profit of Rs 25 lakh in the second quarter of FY 2074/75.