Rapti Hydro’s Right Share Distribution: Your Guide to the Latest News!
Hey investors and shareholders! We’ve got the latest scoop on Rapti Hydro & General Construction Limited’s recent right share offering. If you’re following the Nepali stock market and keeping an eye on IPO news, you won’t want to miss this update!
Rapti Hydro successfully distributed its right shares yesterday, the 32nd of Asar (based on the Nepali calendar). The company issued a 1:1 right share to shareholders who were on the company’s books as of Jestha 5th. This means for every share you held, you were entitled to one additional share. The right shares were offered at a face value of NPR 100 per share. A total of 61,279,938 right shares were offered to eligible shareholders.
The right share offering period ran from Asar 1st to 22nd. A significant number of shareholders participated, with a total of 71,065 shareholders submitting proper applications. Out of these applications, a total of 54,23,827 right shares were allocated.
Important Information for Investors:
If you were among those who applied for the right shares but didn’t receive the full allocation, don’t worry! The fund refund process is about to begin. The funds for those who did not get the right shares will be returned to their bank accounts via ConnectIPS, starting tomorrow, Saun 2nd. The fund distribution is being managed by the issue manager, Muktinath Capital Limited.
What Happens to the Remaining Shares?
Following the distribution, a total of 7,04,111 right shares remain. These remaining shares will be sold through an auction, which means they’ll be available for purchase by the general public. Keep an eye out for updates on the auction details, as this is a great opportunity for those interested in investing in Rapti Hydro.
Staying Updated on the Nepali Stock Market
This is crucial information for anyone involved in share trading and stock market updates in Nepal. Stay informed about IPO and right share offerings to make informed investment decisions. For further details and any additional news regarding Rapti Hydro, keep checking reliable sources for the latest financial news and stock market analysis. Stay ahead of the game with up-to-date information on the Nepse! Good luck with your investments!
