Cutoff of auctioned promoter shares of Central Finance stood at Rs 100; shares still not fully subscribed
Fri, Jun 8, 2018 7:57 AM on Auction, Latest, Stock Market,
Central Finance Limited (CFCL) had opened an auction for the unsold 9,81,708.725 unit right shares of promoter group.
NIBL Ace Capital is the issue manager for the auction.
According to the officials at NIBL Ace, all of the bid applications were quoted around Rs 100, only a few paisa's difference. A total of 69 applications were received for 5,25,500 units. The minimum numbe of shares to apply was 1000 units. One application had applied for 100 units because of which it was rejected. Apart from that all other applicants were fully allotted.
LTP of CFCL stood at Rs 116.
