Himalaya Urja Bikas Company Closing Auction of 14.46 Lakhs Right Shares From Today

Himalaya Urja Bikas Company Limited (HURJA) is closing the auction of the unclaimed portion of its right share from today i.e. 14th Ashwin, 2081. The auction opened on 7th Ashwin, 2081.

14,46,359 units of ordinary right shares are in auction. This is the unclaimed portion of the rights offering. The company had issued a 1: 1 ratio right share issue to its shareholders from 24th Shrawan to 12th Bhadra, 2081.

Out of the total right shares issued only 84,53,641 (85.40%) units were allotted to eligible shareholders. 14.60% of shares were unclaimed by eligible investors. Thus, the same 14,46,359 units of unsold right shares are for the general public which will close today.

Individuals and institutions are all eligible to bid for the auction.

Nabil Investment Banking Limited has been appointed as the issue manager of this right share. Rs. 100 is the minimum bid rate for the auction. The minimum bid quantity is 100 units. Although bidders can bid for the entire issue, they must abide by the regulatory board's rule to not exceed the specified quantity of shares per entity.

As of writing, HURJA has an LTP of Rs. 201.00.