River Falls Power Limited Closes Auction of Unclaimed Rights Shares Today

River Falls Power Limited (RFPL) is closing the auction of its 10,38,924 units of unclaimed rights shares today, Mangsir 3, 2082. The auction had opened on 26th Kartik following the company’s earlier 1:1 rights offering.

According to the company, a total of 59,61,076 units (85.15%) of rights shares had been allotted to valid applicants. However, 10,38,924 units remained unclaimed by eligible shareholders and are now being auctioned to the public.

Out of the total rights shares issued, only 22,24,173 units were subscribed by eligible shareholders. The remaining 14.85%—equivalent to 10,38,924 shares—are now in the auction process. These shares are part of the unclaimed portion of the 1:1 rights issue that was open for subscription from 23rd Bhadra to 26th Ashwin, 2082.

Both individuals and institutions are eligible to participate in the auction. The minimum bid price has been set at Rs. 100 per share. For ordinary right shares, the minimum bid quantity is 100 units. While bidders can apply for the full available quantity, they must comply with regulatory limits that restrict the maximum number of shares a single entity can purchase.

LS Prabhu Limited has been appointed as the issue manager for this auction. Once the auction closes today, the company will proceed with the evaluation of bids and complete the allotment process accordingly.