Liberty Energy Company Closing Auction of 8,26,574 Unclaimed Right Shares from Today

Liberty Energy Company Limited (LEC) is closing the auction of its 8,26,574 unit ordinary shares to the general public from today i.e. on the 9th Magh, 2081. The auction opened on the 2nd of Magh.

Out of the total right shares issued only 66,73,426 (88.97%) units were allotted to eligible shareholders. 11.03% of shares were unclaimed by eligible investors. Thus, the same 8,26,574 units of unsold right shares are auctioned to the general public which will close from today.

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 Mangsir 16 to Poush 07, 2081.

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

Prabhu Capital 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 entirety of the issue, they are required to abide by the regulatory board's rule to not exceed the specified quantity of shares per entity.