Nirdhan Utthan's auction for promoter shares still undersubscribed; Maximum bid received at Rs 625
Mon, Jun 4, 2018 11:16 AM on Auction, Latest, Stock Market,
Nirdhan Utthan Bank Limited (NUBL) had opened an auction for 3,57,083.12 unit promoter shares. The 3.57 lakh unit promoters shares belong to Grameen Trust Bangladesh.
The minimum bid price was set at Rs 523 per unit, which means that the lowest bid amount must be more than Rs 523 for a minimum of 100 units.
NIBL Ace Capital is the issue manager for the right share auction.
According to the officials at NIBL Ace, the auction is still undersubscribed. A total of 8 applications were received applying for 2,01,550 units. The maximum bid received is Rs 625.
National Life Insurance Company has bagged bagged the highest units i.e. 2 lakhs unit at Rs 550.05.
Currently, the paid up capital of the microfinance stands at Rs 1.03 arba with Rs 92.18 crore in its reserve.
According to its third quarter financials, it has reported net profit of Rs 39.92 crore. It's earning per share (EPS) stands at Rs 53.22. Currently, Net worth per share stands at Rs 208.23 and P/E ratio at 19.84 times.
It's LTP is 1,137.
