Peoples Power Limited has started offering right shares to its existing shareholders from Ashad 22 to increase its capital.
50% right shares to raise more funds
The company currently has a paid-up capital of Rs 63.26 crore. It is offering 50% right shares in a 1:0.5 ratio, which means for every 2 shares held, shareholders can apply for 1 more share. In total, the company will issue 31,63,000 shares priced at Rs 100 per share, raising Rs 31.63 crore.
How to apply and who can apply ?
Shareholders can apply through:
- Banks and financial institutions that provide C-ASBA service
- The Meroshare portal of CDSC
- Specific branches of Prabhu Capital and Prabhu Bank in Ilam, Jawalakhel, Birgunj, Pokhara, Butwal, Surkhet, and Dhangadhi
The last date to apply is Shrawan 11, during regular banking hours.
Only shareholders who were listed by Ashad 1 can apply. The company had set its book closure date on Ashad 2.
Paid-up capital will go up to nearly Rs 95 crore
After the right shares are sold, the company’s total paid-up capital will increase to Rs 94.89 crore, helping it grow stronger in the future.
Financial update: EPS and net worth
Here are some important financial details of the company:
- Earnings Per Share (EPS): Rs 1.64 (based on Q3 of fiscal year 2081/82)
- Net worth per share: Around Rs 98 crore
