Kathmandu, December 2 — River Falls Power Limited has allotted its unsold rights shares through auction. Earlier, the company issued 100% rights shares, but 10,38,924 units remained unsold.
The auction for these shares opened from Kartik 26 to Mangsir 3, 2082 B.S. The allotment was completed on Mangsir 14, 2082 B.S. The final cutoff price was fixed at Rs. 318.10 per share. The shares were distributed proportionally to bidders who applied at this price. Each applicant received shares based on equal weighted calculations.
Money for shares that were not allotted was returned to applicant bank accounts on Mangsir 15, 2082 B.S. The refund process is now completed. The share sale manager for this auction was Prabhu Capital Limited.
Before the rights issue, the company had a paid-up capital of Rs. 70 crore. After the rights issue and auction allotment, the paid-up capital increased to Rs. 1 Arba 40 crore. The company raised capital to repay its bank loans.
River Falls Power Rights Share Auction Summary
| Topic | Details |
|---|---|
| Rights Share Unallotted | 10,38,924 units |
| Auction Open Period | Kartik 26 – Mangsir 3, 2082 B.S. |
| Share Allotment Date | Mangsir 14, 2082 B.S. |
| Cutoff Price | Rs. 318.10 per unit |
| Refund Transfer | Mangsir 15, 2082 B.S. |
| Share Manager | Prabhu Capital Limited |
| Paid-up Capital (Before) | Rs. 70 crore |
| Paid-up Capital (After) | Rs. 1 Arba 40 crore |
| Purpose of Rights Issue | Bank loan repayment |