Kamal Asian Life Insurance Company Limited (ALICL) has announced the auction of unsold right shares from its previous rights offering. The auction will open from 22nd Bhadra to 29th Bhadra, 2082.
Auction Details
The company is auctioning a total of 3,58,512.48 units of right shares that remained unclaimed during its 1:0.42 rights issue held between 22nd Ashadh and 20th Shrawan, 2082. Out of these:
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30,038.57 units are promoter right shares
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3,28,473.91 units are ordinary right shares
Rights Issue Summary
The company had issued rights shares in the ratio of 1:0.42, meaning shareholders were entitled to buy 42 shares for every 100 shares they held. Out of the total shares offered, 1,39,20,800 units (97.49%) were subscribed by 27,622 valid applicants, leaving 3,58,512.48 units (2.51%) unsold. These unsold shares are now being auctioned to the general public.
Key Figures
| Particulars | Details |
|---|---|
| Auction Opening Date | 22nd Bhadra, 2082 |
| Auction Closing Date | 29th Bhadra, 2082 |
| Rights Issue Ratio | 1:0.42 |
| Total Shares Allotted | 1,39,20,800 (97.49%) |
| Unclaimed Shares (to be auctioned) | 3,58,512.48 (2.51%) |
| – Promoter Right Shares | 30,038.57 units |
| – Ordinary Right Shares | 3,28,473.91 units |
| Minimum Bid Price | Rs. 100 |
| Minimum Bid Quantity (Ordinary) | 100 units |
| Minimum Bid Quantity (Promoter) | 1,000 units |
| Issue Manager | Muktinath Capital Limited |
Eligibility & Rules
Both individuals and institutions are eligible to take part in the auction. While investors may bid for the entire issue, they must comply with regulatory limits on the maximum number of shares that can be acquired by a single entity.
