Joshi Hydropower Development Company Limited Auctioning 1,89,927 Unclaimed Right Shares from Ashwin 28
Tue, Oct 7, 2025 11:28 AM on Latest, Dividend, Bonus & Rights, Auction,
Joshi Hydropower Development Company Limited (JOSHI) is set to auction 1,89,927 units of unclaimed rights shares from its previous 1:0.65 rights offering. The auction will open from 28th Ashwin to 11th Kartik, 2082.
A total of 22,24,173 shares have been allotted to the valid applicants. Thus, 1,89,927 (7.87%) shares were unclaimed by eligible investors.
Of the total right shares issued, only 22,24,173 (92.13%) units were allotted to eligible shareholders. 7.87% of shares were unclaimed by eligible investors. Thus, the same 1,89,927 units of unsold right shares will now be auctioned to the general public from the 15th Bhadra.
This is the unclaimed portion of the rights offering. The company had issued a 1:0.65 Ratio right share issue to its shareholders from 15th Shrawan to 19th Bhadra, 2082.
Individuals and institutions are all eligible to bid for the auction.
LS Capital Limited has been appointed as the issue manager of this rights share. The minimum bid rate for the auction is set at Rs. 100. For ordinary right shares, the minimum bid quantity is 100 units. Although bidders are allowed to bid for the entire issue, they must adhere to the regulatory board's rule, which restricts exceeding the specified share quantity per entity.
