Singati Hydro Energy Limited (SHEL) has achieved a significant milestone with the successful listing of 1,45,00,000 right shares on the Nepal Stock Exchange (NEPSE). This move comes after the company’s recent issuance of a 1:1 ratio right share, offering existing shareholders the opportunity to increase their stake in the company.
During the issuance period from 2nd Falgun to 22nd Falgun, 2080, SHEL allocated 98,88,461 units of right shares to eligible shareholders. However, 46,11,539 units remained unsubscribed and were consequently put up for auction from 12th Chaitra to 20th Chaitra, 2080.
The auction, managed by Muktinath Capital Limited, saw the unsold right shares being sold at a cut-off price of Rs. 145 per unit. This process ensured that all available shares were efficiently allocated, further strengthening SHEL’s capital base.
Currently, the total paid-up capital of Singati Hydro Energy Limited stands at Rs. 2.90 Arba, reflecting the company’s robust financial position and continued growth prospects.
Investors have shown keen interest in SHEL, as evidenced by its Last Traded Price (LTP) of Rs. 163.00. This positive market sentiment underscores the confidence in the company’s performance and future outlook.
The successful listing of the right shares on NEPSE represents a significant step forward for Singati Hydro Energy Limited, demonstrating its commitment to shareholder value and sustainable growth.