Cutoff of Womi Microfinance's auctioned ordinary shares stands at Rs 1,210, where maximum bid was placed at Rs 1315; cutoff of promoter shares stands at Rs 105

WOMI Microfinance (WOMI) had opened an from Shrawan 15 till Shrawan 22, 2075 for its unsold 3,882.80 unit promoter shares and 7,662.20 unit ordinary shares.

The bank had issued 2,33,280 unit right shares at par value of Rs 100 from Jestha 16 till Ashadh 19.

Siddhartha Capital is the issue manager for the auction.

According to the officials of Sidhhartha capital, the cutoff of ordinary shares stood at Rs 1210 where the LTP stands at Rs 1,270. Similarly the maximum bis for the ordinary shares was received at Rs 1315.

Likewise, in case of promoter shares 5 applications were received and the cutoff stood at Rs 105. The highest bid was received at Rs 105.75.

The paid up capital of the company stands at Rs 7.77 crore which will reach Rs 10.10 crore after the adjustment of 30% right shares.