How much to invest in Shangrila Development Bank’s auction shares? Bid price must be 95% of the market price
Tue, May 3, 2016 3:00 AM on Latest, Exclusive, Featured, Stock Market,
In recent times, investors seem to be attracted to auction shares. These days 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 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.
ShareSansar team has done an analysis of auction shares and its cut off price. The recent trend shows that the cut off price of auction share are nearly equal to the market price.
In recent 9 ordinary share auction it is found that the average cut off price of auction share is 97.06 percent of its market price (Closing Market price of bid closing day)which shows the investor bid the auction share at almost market price.
The analysis has been done focusing the ongoing auction share of Shangrila Development Bank Limited. The bank has been auctioning its ordinary and promoter right share to general public from Baisakh 17, 2073 to till Baisakh 26,2073.
The trend shows, investors will be allotted shares only if their bid price is 95% or plus of the last trading price of the closing day of the share auction.
ShareSansar team has done an analysis of auction shares and its cut off price. The recent trend shows that the cut off price of auction share are nearly equal to the market price.
In recent 9 ordinary share auction it is found that the average cut off price of auction share is 97.06 percent of its market price (Closing Market price of bid closing day)which shows the investor bid the auction share at almost market price.
The analysis has been done focusing the ongoing auction share of Shangrila Development Bank Limited. The bank has been auctioning its ordinary and promoter right share to general public from Baisakh 17, 2073 to till Baisakh 26,2073.
The trend shows, investors will be allotted shares only if their bid price is 95% or plus of the last trading price of the closing day of the share auction.
