With the expiry of mutual fund dated 24 Dec. 2017, Siddhartha Investment Growth Scheme-1 (SIGS1) has to clear all his stock. Recently they came up with an auction of 24 companies started from 10 Jan. 2018 to 16 Jan. 2018.
PART I
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PART II
Siddhartha Capital, Naxal is the issue manager from where the auction bidding forms are available and Good for Payment cheque should be attached while submitting the auction application. The details of 24 auction company with their no. of auction shares, last trading price (LTP) and 52 weeks High-Low are as follows:
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The Latest 15 Companies Auction Trend
In the above chart of latest 15 companies auction trend, RSDC Laghubitta auction bidders get the auction share at the -33.80% below than its closing price whereas Muktinath Bikas Bank auction bidders get the auction share only at the -2.82% below the closing price. Therefore, auction depends on the market trend, sector of the auction company for e.g. Banking Sector, Insurance Sector…etc as well as the number of shares available for auction.
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The motive of this article is to provide some information about the 24 auction companies by SIGS1 as well as the latest auction trend going on. At last, the auction is not just about getting the share at your desired low price, your auction quoted price should be lesser than market price, when you can to sell those auction shares in the stock market.
Source: Jan 12, 2018, Merolagani
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