Western Development share auction:  Rs 151 cut-off price; Rs 212 highest bid amount

ShareSansar, March 6:

Western Development Bank Limited has concluded the auction of its  80,269 units of  ordinary shares.

Those who applied below Rs 151 per unit of shares have not been allotted any shares, according to an official with Growmore Merchant Banker Limited, the issue manager.

The highest bid amount was Rs 212. Yesterday was bid opening day for the auction.
 The bidder could apply for a minimum of 100 units for the ordinary shares which were floated at Rs 100 face value for the auction.

The interested bidders also had to deposit the entire bid amount in advance while applying for the auction that opened on February 20 and closed on February 29.