Tentative cutoff for RSDC’s auction stands at Rs 440 for ordinary shares and Rs 101 for promoter shares; Data to be finalized on Sunday

Fri, Sep 14, 2018 2:34 PM on Auction, Latest, Stock Market,
Tentative...

The bid opening of RSDC Laghubitta Bittiya Sanstha Limited (RSDC) has been completed in the issue manager i.e. NIBL Ace Capital. However, the data has not been finalized and will be finalized on Sunday.

As of now, the tentative cutoff price is Rs 440 for the ordinary shares, for which 840 applications have been received. In case of the promoter shares, the tentative cutoff stands at Rs 101 for which 37 applications have been received.

The company is issuing 2,06,227 units promoter shares and 85,263 unit ordinary shares.

The microfinance company had issued right shares in the ratio 5:3. Out of the total issued 21,59,700, the company has allotted 18,68,210 units to 25,887 valid applicants. After the adjustment of right shares, its paid-up capital will reach Rs 57.59 crore.

The Last Traded Price (LTP) of RSDC stands at Rs 494 which is 12.27% more than the tentative cut off price.