Bids Opened for 11,35,558 Promoter Shares Auction of Samriddhi Finance (SFCL); What's the Cut-off Rate?

The bids have been opened for the promoter shares auction of Samriddhi Finance Company Limited. 11,35,558 unit promoter shares were auctioned from 29th Ashad to 5th Shrawan, 2078.

This is the unclaimed portion of the right shares that were issued from Ashar 03 to Ashar 10. Note that 13,80,718 unclaimed shares were already auctioned but only 2,45,160 shares were allotted.

Individuals, companies, and institutions were all eligible to bid for the auction. Rs. 100 was the minimum bid rate and 1000 was the minimum bid quantity.

BOK Capital was the auction manager. According to the auction manager, Rs. 101 is the cut-off rate. Bidders who submitted bids at or higher than the cut-off rate have been allotted. Meanwhile, the highest bid rate received was Rs. 105.