Balephi Hydropower Limited (BHL) has announced an auction for its unclaimed rights shares through a sealed bidding process. This includes 6,76,191 promoter shares and 5,08,892 ordinary right shares that were not subscribed during the rights issuance. The auction will run from 5th Falgun to 19th Falgun, 2081.
Auction Details
This auction includes unclaimed rights shares from BHL’s 1:1 rights issuance, which was open from 27th Mangsir to 17th Poush, 2081.
Who Can Participate?
Both individual and institutional investors are eligible to participate in the bidding process. Participants must submit sealed bids that include the number of shares and bid price per share. The bids should be signed and stamped before submission.
- Minimum Bid Price: Rs. 100 per share
- Minimum Bid Quantity: 100 units (for ordinary right shares)
- Maximum Bid Quantity: As per regulatory limits
Investors can bid for all available shares but must follow the maximum shareholding limits set by regulators.
Bid Submission Locations
NIMB Ace Capital Limited has been appointed as the issue manager for this auction. Interested buyers can collect and submit their bid application forms at the following locations:
- NIMB Ace Capital Limited, Lazimpat, Kathmandu
- NIMB Ace Capital Limited, Chiple Dhunga, Pokhara
- NIMB Ace Capital Limited, Traffic Chowk, Butwal
- NIMB Ace Capital Limited, Adarsh Nagar, Birgunj
- NIMB Ace Capital Limited, Golchha Chowk, Biratnagar
Conclusion
This auction presents an investment opportunity for those interested in acquiring BHL shares at a competitive price. With a minimum bid rate of Rs. 100 per share, investors can enter the hydropower sector through this public auction.
Notice: Balephi Hydropower Announces Auction of Unclaimed Shares
