Liberty Energy Company Limited (LEC) is auctioning 8,26,574 unsold ordinary rights shares. These shares remained unclaimed during the company’s recent 1:0.50 rights offering from Mangsir 16 to Poush 07, 2081. The auction starts on 2nd Magh and will end on 9th Magh, 2081.
Overview of the Rights Offering
Liberty Energy Company Limited (LEC) issued rights shares at a ratio of 1:0.50, where shareholders could buy one new share for every two they owned. Out of the total rights shares issued, 66,73,426 units (88.97%) were claimed by eligible shareholders. The remaining 11.03%, or 8,26,574 units, are now being auctioned to the public.
Auction Details
- Eligibility: Both individuals and institutions can participate.
- Issue Manager: Prabhu Capital Limited.
- Minimum Bid Price: Rs. 100 per share.
- Minimum Quantity: 100 shares per bid.
- Maximum Quantity: Bidders can apply for the total available shares but must follow regulatory limits on shareholding.
How to Apply
- Application Form: Forms are available at Prabhu Capital’s office and selected Prabhu Bank branches across provinces.
- Payment: Deposit the bid amount via:
- Prabhu Bank Limited, Kamaladi, Kathmandu (Account No.: 1110063181600113).
- Good-for-payment cheques or IPS transfers.
- Submission: Submit sealed bids with clear details of the bid amount, quantity, PAN number (if bidding for over Rs. 5 lakh), and Demat account information.
Share Allocation
Shares will be given to the highest bidders. If there is a tie at the lowest successful bid price, shares will be distributed proportionally. LEC has the right to accept or reject any bids. Interested bidders should participate before the deadline to secure shares. This auction presents a valuable chance for investors to acquire Liberty Energy Company shares at competitive prices.
Notice of Liberty Energy Company Limited to Auction Unclaimed 8,26,574 Right Shares
