Last day to bid 73,661.50 unit shares of Ridi hydropower at Rs 100 & above; offer ends today

Interested investors acquiring the shares of Ridi Hydropower Company Limited (RHPC) have one more day to file their bids for the auctioned promoter and ordinary right shares. The deadline for submitting bids for the auctioned unsold right shares is ending today (Ashwin 18, 2073). The hydropower company has been selling 14,278 units’ promoter right share and 59,383.50 units ordinary right share after the rights shares issued on Ashad 1, 2073 were not fully subscribed by the investors. The hydropower had offered right shares at the ratio of 10:3.5. The auction closes today (Ashwin 18, 2073). The bid will open to conclude the auction on Ashwin 20, 2073. Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. Interested applicants must bid for a minimum of 100 units of the scrip or above. Global IME Capital Limited is the issue manager for this auction. The hydropower company has urged the interested bidders to submit their bids till Ashwin 18, 2073 at the Global IME Capital located at Jamal, Kathmandu. The investors applying for the auction can deposit the bid amount in the account name account number 0010000414CC of Citizens Bank International Limited located at Kamaladi, Kathmandu. The last trading price (LTP) of the shares stood at Rs 300 as on October 3, 2016.