Cutoff of auctioned promoter right shares of Green Development bank stands at Rs 100; Maximum bid received at Rs 105
Wed, Jun 27, 2018 9:53 AM on Auction, Latest, Stock Market, Dividend, Bonus & Rights,
Green Development Bank Limited (GRDBL) had opened an auction for its 3,37,500 unit unsold right shares of promoters group from Ashadh 03, 2075 till today i.e. Ashadh 10, 2075.
Laxmi Capital has been appointed as the issue manager for the auction of the shares.
According to the officials at Laxmi Capital a total of 20 applications were received applying for 3,42,513.60 unit shares. However one application was found invalid. The cutoff for the auction stood at Rs 100, where the highest bid was received at Rs 105.
All the applicants applying above Rs 100 have been allotted fully and the ones applying at Rs 100 were alloted proportionately.
GRDBL had issued 400% right shares for its shareholders. After the adjustment of the right shares, its paid up capital will reach Rs 50 crore with promoter and public holding at 55% and 45% respectively.
The development bank had registered the net profit of Rs 25.22 lakh in the third quarter of the ongoing FY 2074/75.
Its LTP stands at Rs 138 as on Ashadh 12, 2075.
