Rapti Hydro & General Construction Limited (RHGCL) is set to auction 7,04,111 units of unclaimed right shares from its recent 1:1 rights offering. The auction will open from Shrawan 13 to Shrawan 20, 2082, offering a new investment opportunity for both individuals and institutions.
During the initial rights issue period, which ran from Ashadh 1 to Ashadh 22, a total of 54,23,827 shares (88.51%) were successfully subscribed by eligible shareholders. However, 11.49% (7,04,111 units) of the issued rights were left unsubscribed — these unsold shares will now be offered to the general public via auction.
Auction Details
- Auction Date: Shrawan 13 to Shrawan 20, 2082
- Shares Available: 7,04,111 units
- Minimum Bid Rate: Rs. 100 per unit
- Minimum Bid Quantity: 100 units
- Eligible Participants: Individuals and institutions
- Issue Manager: Muktinath Capital Limited
While investors can bid for the entire available lot, they must comply with regulatory limits on maximum allowable shares per entity.
This auction presents a second chance for those who missed out during the rights issue phase and offers a potential entry into the company’s equity at a competitive price, subject to demand-based bidding.
