Preliminary Cutoff Price for 1.54 lakh units ordinary shares of Gurkhas Finance at Rs 176; 4.12 lakh units promoter shares still unclaimed

Gurkhas Finance Limited (GUFL) had auctioned 1,54,396  units ordinary shares and  9,00,793 units promoter shares from Shrawan 10 to Shrawan 19, 2074. The bids were opened today at NIBL Capital, Lazimpat at 10 AM. As per preliminary data received, the cutoff price for ordinary auctioned shares stood at Rs 176. The highest bid amount received was Rs 240. Total 282 applicants had submitted bid for 1.54 lakh units auctioned ordinary shares. Only 119 applicants were allotted with shares. Most of the shares were grabbed by the individual investors. Likewise, for promoter shares, the cut off price was set at Rs 100. Total 100 applicants submitted bid for 9.007 lakh units promoter shares and all of them were allotted. Around 4.12 lakh units are still unclaimed. GUFL has earned net profit of Rs 10.30 crore in the third quarter of the FY 2073/74. Its paid up capital currently stands at Rs 57.86 crore. After the capitalization of the right shares, it’s paid up capital reached Rs 86.79 crore.