Dordi Khola Hydropower Allocates Unsold Rights Shares via Auction: Cut-off Prices Revealed

Dordi Khola Jal Bidyut Company Limited has successfully completed the allotment of its unsold rights shares through an auction process. The shares had previously remained unsubscribed during the company’s rights issue and were subsequently offered to the public via auction.

The company had put a total of 1,946,676 shares up for auction. These included:

• 1,285,041 promoter group shares,

• 165,956 locked-in ordinary shares, and

• 495,679 unlocked ordinary shares.

According to preliminary data released by issue manager Sanima Capital, the cut-off price for successful bids was as follows:

• Rs. 265 per share for promoter group locked-in shares,

• Rs. 270 for locked-in public shares, and

• Rs. 111 for non-locked-in public shares.

Sanima Capital has noted that these prices may undergo minor adjustments upon final verification of submitted bid forms.

The auction was open from Jestha 11 to Jestha 20, during which interested investors could place bids for the unsold shares. The allotment brings closure to the rights issue and ensures broader share ownership among both institutional and retail investors.

This development marks a significant step for Dordi Khola Jal Bidyut in reinforcing its capital structure and widening shareholder participation as it continues to grow in Nepal’s energy sector.