United Ajod Insurance Limited has completed the allotment of its unsold right shares which was sold through auction.
United Ajod Insurance Limited has finalized the allotment of its unsold right shares that were put up for auction. The company had opened the auction from Jestha 29 to Ashad 8, and the allotment took place on Ashad 16.
During the auction, a total of 70,480 shares were offered to investors. Out of this total amount, there were 63,847 shares of the promoter group and 6,633 shares of the ordinary public group.
Bids Opening and Allotment Process
Laxmi Sunrise Capital, who is the issue manager for this auction, opened the sealed bid proposals on Ashad 11. After checking all the applications carefully, the shares were allotted according to current laws and securities guidelines.
Cutoff Price and Refund Details
As per the capital, the cutoff price for the auction was fixed at Rs 447.50 per share. The shares were allotted to the applicants who bid at this cutoff price or above on a proportional basis based on relative weight.
For those applicants who did not get any shares in allotment, the sales manager announced to refunding their money starting from Ashad 18.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
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