What's the Cut-Off Price for National Microfinance's auction of 1,04,000 units promoter shares?

Thu, Dec 17, 2020 4:43 PM on Latest, Auction,

The bids have been opened for the National Microfinance's auction of 1,04,000 units promoter shares.

The auction was open from 17th Mangsir and closed yesterday, i.e. 1st Poush, 2077. The minimum bid quantity was 1,000 units. While bidders could bid for the entirety of shares in each auction, any quantity in between was required to be a multiple of 500. The minimum bid rate was Rs. 725 for the promoter shares.

According to the auction manager NIBL Ace Capital, the minimum bid was received for Rs. 725 while the highest bid was Rs. 801. Meanwhile, the tentative cut-off price is Rs. 727.