Mirmire Laghubitta’s bid opening for 9,753 unit shares concludes; Cutoff stands at Rs 1,427

The bid opening of auctioned 9,753 unit right shares of Mirmire Laghubitta Bittiya Sanstha (MMFDB) has been concluded.

As per the information received from the issue manager, NIBL Ace Capital, the cutoff for the auctioned shares stand at Rs 1,427 i.e. the applicants who had placed their bid above Rs 1,427 were allotted.

228 applications were received for the unsold shares. Applications have been received with bid price upto Rs 1,521.

As per the information provided by the issue manager, all the shares have been subscribed.

After the adjustment of 100% right shares, the paid-up capital will reach Rs 10.38 crore. And after the adjustment of the recently proposed 24% bonus shares, the capital will reach Rs 12.87 crore.