Peoples Power Limited has opened the auction for unsubscribed rights shares starting today (Bhadra 15). The company has put 391,779 shares on auction for the general public, with applications open until Bhadra 22.
Prabhu Capital Limited is managing the auction. The company has set a base price of Rs. 100 per share, and shares will be allocated starting from the highest bid, followed by the next highest bidders in descending order until all shares are allotted.
Applicants must apply for a minimum of 100 shares, while the maximum allowed is the total number of shares offered. Application forms are available and can be submitted at Prabhu Capital’s Kamaladi office in Kathmandu, as well as at Prabhu Bank branches in Biratnagar, Birgunj, Hetauda, Pokhara, Butwal, Surkhet, and Dhangadhi.
Previously, the company issued 3,163,000 rights shares at a 1:0.50 ratio from Asar 22 to Sawan 26. The shares not sold during the rights issue are now being offered through this auction.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
