Dordi Khola Hydropower Auction Share Allocation Results Announced! Cut Off Price Revealed!
Dordi Khola Jalbidhyut Company Limited has finalized the share allocation for its second auction of unsubscribed rights shares. Investors and share market enthusiasts, take note!
The company initially offered 10,542,604 units of rights shares. After the first auction, a total of 1,946,676 shares remained unsold. This included 1,285,049 units from the promoter’s category (not locked-in), 495,679 units from the general public category (not locked-in), and 165,956 units from the general public category (locked-in).
The company then put these shares up for auction from Jestha 11th to 20th. Following this process, 93,629 units from the general public category remained unallocated.
Following this, the company conducted a second auction period from Asar 24th to 32nd to allocate the remaining shares. The bids received during this period were opened, and the share allocation was determined on Saun 7th.
The good news for those who participated: The cut off price for this auction has been determined at NPR 283! According to Sanima Capital, the issue manager, the shares have been allocated proportionally to the bidders who submitted bids at this cut off price.
This is a significant development for Dordi Khola Hydropower, and these share allocation results are sure to be of interest to investors tracking hydropower companies in Nepal. Keep an eye on the stock market and continue to research and assess investment opportunities. For the latest stock market news and share market updates, stay tuned! Investing in Nepal has never been more exciting! Make sure to stay informed about the latest IPO and secondary market movements.
