People's Power Limited Auctioning 3,91,779 Unclaimed Right Shares from Bhadra 15
Sun, Aug 24, 2025 10:35 AM on Latest, Dividend, Bonus & Rights, Auction,
People's Power Limited (PPL) is set to auction 3,91,779 units of unclaimed rights shares from its previous 1:0.50 rights offering. The auction will open from 15th Bhadra to 22nd Bhadra, 2082.
A total of 27,71,221 shares have been allotted to the 91,938 applicants. Thus, 3,91,779 (12.38%) shares were unclaimed by eligible investors.
Of the total right shares issued, only 27,71,221 (87.62%) units were allotted to eligible shareholders. 12.38% of shares were unclaimed by eligible investors. Thus, the same 3,91,779 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 1:0.50 Ratio right share issue to its shareholders from 22nd Ashadh to 26th Shrawan, 2082.
Individuals and institutions are all eligible to bid for the auction.
Prabhu 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.
