93,629 units of public shares were allotted at a cut-off price of Rs. 283 per share.
Dordi Khola Jal Bidyut Company Limited has completed the allotment of unsold rights shares that were reissued through a second auction. The company had initially issued a total of 1,05,42,604 rights shares. Out of this, 19,46,676 units remained unsubscribed after the rights offering.
Among the unsold shares, 12,85,049 units belonged to promoter shareholders not under lock-in, 4,95,679 units were public shares not under lock-in, and 1,65,956 units were public shares under lock-in. These shares were first placed for auction from Jestha 11 to Jestha 20, 2081 B.S. However, following the auction, 93,629 units of public shares (not under lock-in) still remained unsubscribed.
To address the remaining unsold shares, the company reissued them in a second auction held from Asar 24 to Asar 32, 2081 B.S. The bids received during this period were opened and evaluated on Shrawan 7, 2081 B.S., and shares were allotted accordingly. Sanima Capital Limited, the issue manager, informed that the cut-off price for allotment was determined at Rs. 283 per share. Investors who submitted bids at or above this price were allotted shares proportionally based on their bid quantity.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
