Tag: Unclaimed

  • RIDI Initiates Auction of Unclaimed Right Shares: Opportunity for Public Participation

    RIDI Initiates Auction of Unclaimed Right Shares: Opportunity for Public Participation


    Ridi Power Company Limited (RIDI) has initiated the auction of the unclaimed portion of its right shares starting from the 29th of Chaitra, 2080, with the auction set to conclude on the 9th of Baisakh, 2081. The company aims to sell 11,35,657 units of ordinary right shares, representing the unclaimed segment from its recent rights offering.

    During the rights offering period, which ran from the 18th of Falgun to the 8th of Chaitra, 2080, RIDI issued shares at a ratio of 1:0.50 to its existing shareholders. However, out of the total right shares issued, only 66,08,849 units (85.34%) were allotted to eligible shareholders, indicating that 14.66% of the shares remained unclaimed.

    Therefore, the company has decided to make these unsold right shares available to the general public starting from today. Individuals and institutions alike have the opportunity to participate in the auction and bid for these shares.

    Muktinath Capital Limited has been appointed as the issue manager for this right share auction. The minimum bid rate for the auction is set at Rs. 100, with a minimum bid quantity of 100 units. While bidders have the option to bid for the entire issue, they must adhere to the regulatory board’s guidelines to ensure that the specified quantity of shares per entity is not exceeded.

  • Ghalemdi Hydro Limited Initiates Auction of Unclaimed Right Shares for Public Offering

    Ghalemdi Hydro Limited Initiates Auction of Unclaimed Right Shares for Public Offering


    Ghalemdi Hydro Limited (GHL) has initiated the auction of its unclaimed right share portion starting today, 9th Magh, and concluding on 23rd Magh, 2080. The company is auctioning 32,17,724 units of ordinary right shares, representing the unclaimed segment from its previous 1:2 ratio right share issue, conducted from 10th Mangsir to 16th Poush, 2080. Only 77,82,276 units (70.75%) of the total right shares were allotted to eligible shareholders, leaving 29.25% unclaimed, and these unsold shares are now available for the general public.

    Both individuals and institutions have the eligibility to participate in the auction, managed by Muktinath Capital Limited. The minimum bid rate is set at Rs. 100, with a bid quantity of at least 100 units. While bidders can bid for the entire issue, adherence to regulatory rules restricting the quantity of shares per entity is mandatory.

    GHL’s current paid-up capital is Rs. 55 Crores, and after the adjustment of the proposed right share of 1.10 crore units, the company’s paid-up capital will increase to Rs. 1.65 Arba. Despite posting a net loss of Rs 3.13 crore, the company’s earnings per share stands at Rs. 5.70, and its net worth is Rs. 70.921, according to the first quarterly report for the fiscal year 2080/81.

    As of the latest available information, GHL’s Last Traded Price (LTP) is Rs. 189.00.

  • Upper Tamakoshi’s Auction of Unclaimed Right Shares Witnesses Overwhelming Response with 30,000+ Bids; Cut Off rate 146 Rs

    Upper Tamakoshi’s Auction of Unclaimed Right Shares Witnesses Overwhelming Response with 30,000+ Bids; Cut Off rate 146 Rs


    Upper Tamakoshi’s Auction of Unclaimed Right Shares Witnesses Overwhelming Response with 30,000+ Bids; Cut Off rate 146 Rs

    View on r/NepalStock by berojgar_keto

  • Upper Tamakoshi Hydropower to Auction 1.7 Million Unsold Ordinary Right Shares

    Upper Tamakoshi Hydropower to Auction 1.7 Million Unsold Ordinary Right Shares


    Upper Tamakoshi Hydropower Limited (UPPER) is gearing up to conduct an auction for 1,70,19,530 unsold ordinary right shares that remained from its earlier 1:1 rights offering. The auction is scheduled to take place from the 13th to the 29th of Poush, 2080.

    The unsold portion of 1,70,19,530 units of ordinary right shares is the residual component from the company’s 1:1 ratio rights issuance, which was made available to its shareholders between the 18th of Bhadra and the 22nd of Ashwin, 2080. During the rights offering, only 8,88,80,470 units were allocated to eligible shareholders, leaving the remaining 1,70,19,530 units to be auctioned to the general public starting from the 13th of Poush.

    The auction is open to both individuals and institutions, and Sunrise Capital Limited has been appointed as the issue manager for this right share auction. The minimum bid rate for the auction is set at Rs. 100, with a minimum bid quantity of 100 units and a maximum bid quantity of 5,00,000 units. While bidders have the option to bid for the entire issue, they are required to adhere to regulatory guidelines limiting the quantity of shares per entity.

    As of the latest update, UPPER has a Last Traded Price (LTP) of Rs. 221.50.

  • “Closing Today: Auction of 15,77,211 Unclaimed Right Shares by Himal Dolakha Hydropower Company”

    “Closing Today: Auction of 15,77,211 Unclaimed Right Shares by Himal Dolakha Hydropower Company”


    Himal Dolakha Hydropower Company Limited (HDHPC) is wrapping up the sale of 15,77,211 regular shares to the public, starting today, the 29th of Shrawan, 2080. The auction began on the 22nd of Shrawan.

    The auction includes 15,77,211 units of regular shares that were not claimed during the initial offering. Earlier, the company had offered existing shareholders a chance to purchase additional shares at a ratio of 1 share for every 0.75 shares they owned, between the 22nd of Jestha and the 25th of Ashad, 2080. The remaining unsold shares from this offering are now up for auction, accessible to everyone. These unsold shares constitute 13.14% of the overall shares initially offered to the company’s shareholders. Both individuals and institutions have the opportunity to participate in the bidding process.