How much to bid in Sunrise Bank and Excel Dev. Bank auction share? - An analysis from ShareSansar
Thu, Apr 21, 2016 1:02 PM on Latest, Exclusive, Featured, Stock Market,
In recent times, investors are attracted in auction share. They are curious about bidding in auction share.
ShareSansar team did an analysis on some recent auction shares and its cut off price. The analysis result shows that the cut-off price of auction share is 93% of market price on an average.
The analysis has been done focusing the on going auction share of Sunrise Bank and Excel Development Bank.Sunrise Bank has been auctioning its ordinary and promoter right share to general public from Baisakh 7,2073 to till Baisakh 13,2073. Likewise Excel Development Bank is also auctioning its ordinary right share from Baisakh 7,2073 to till Baisakh 13,2073.
Kabeli Bikash Bank Limited (KEBL) and ICFC Finance Limited ( ICFC) has below 90 percent cut off price as compared to the market price whereas Kanchan Development Bank Limited (KADBL) cut off price is more than the market price.
Kakrebihar Bikas Bank Limited ( KKBL), Subhechha Bikas Bank Limited ( SUBBL), Innovative Development Bank Limited (INDB), Century Commercial Bank Limited (CCBL) and Machhapuchchhre Bank Limited (MBL) is above 90 percent cut off price compared to the market price
Investors flow to invest in auction is comparatively high due to its short time tenure and less fund holding period. Also listing of shares is done immediately (within 15 days) as compared to Initial Public Offering (IPO). In secondary market, getting hold of large units of share at a time is very difficult due to which investors direct their benefit to acquire huge chunks in auction and grab the opportunities of short term profit in secondary market.
Kabeli Bikash Bank Limited (KEBL) and ICFC Finance Limited ( ICFC) has below 90 percent cut off price as compared to the market price whereas Kanchan Development Bank Limited (KADBL) cut off price is more than the market price.
Kakrebihar Bikas Bank Limited ( KKBL), Subhechha Bikas Bank Limited ( SUBBL), Innovative Development Bank Limited (INDB), Century Commercial Bank Limited (CCBL) and Machhapuchchhre Bank Limited (MBL) is above 90 percent cut off price compared to the market price
Investors flow to invest in auction is comparatively high due to its short time tenure and less fund holding period. Also listing of shares is done immediately (within 15 days) as compared to Initial Public Offering (IPO). In secondary market, getting hold of large units of share at a time is very difficult due to which investors direct their benefit to acquire huge chunks in auction and grab the opportunities of short term profit in secondary market.
