Date of Auction : 

December 24, 1998

I.

Notified amount

: 

Rs.100.00 crore

II.

Bids received

(a) Competitive bids

Number

:

6

Amount

:

Rs.68.00 crore

(b) Non-competitive bids

Number

:

1

Amount

:

Rs. 50.00 crore

III.

Cut-off price

:

Rs.97.66

IV.

Competitive bids accepted

Number

:

4

Amount

:

Rs.48.00 crore

V.

Partial Allotment Percentage

:

N.A.

VI .

Devolvement on Primary Dealers

:

Rs.16.00 crore

( in fulfillment of Underwriting Commitment )

VII .

Devolvement on RBI

:

Rs. 36.00 crore

VIII .

Non-competitive bids accepted

(a)

Number

:

1

Amount

:

Rs.50.00 crore

(b)

Partial Allotment Percentage

:

NA