Terhathum Power Company Limited (TPC) is preparing to close the auction of 4,18,738 units of unclaimed rights shares. These shares are from its earlier 1:1 rights offering, which was open between 16th Ashadh to 11th Shrawan, 2082.
The auction began on 27th Shrawan and will officially end on 3rd Bhadra, 2082.
Key Figures of Rights Share Issue
| Particulars | Units (Shares) | Percentage |
|---|---|---|
| Total rights shares issued | 40,00,000 | 100% |
| Allotted to valid applicants | 35,81,262 | 89.54% |
| Unclaimed rights shares (in auction) | 4,18,738 | 10.46% |
| Minimum bid price (per share) | Rs. 100 | – |
| Minimum bid quantity | 100 units | – |
Details of the Auction
Out of the total shares offered, 89.54% were subscribed by eligible shareholders, while 10.46% remained unclaimed. These unsold 4,18,738 shares have now been placed in the public auction, allowing both individuals and institutions to participate.
Anyone interested can bid for the shares, but they must follow the regulatory rules regarding the maximum purchase limit. While bidders can apply for all available shares, they cannot exceed the limit set by the regulatory authority.
Issue Manager and Auction Rules
The auction is being managed by Nabil Investment Banking Limited. The base price for each share is fixed at Rs. 100, and the minimum application size is 100 units.
This auction provides a chance for the general public to acquire shares that were not subscribed during the rights issue period.
