River Falls Power Limited Allots 1,038,924 Units of Unsold Right Shares Through Auction; Cut-off Price Fixed at Rs. 318.10

River Falls Power Limited has completed the allotment of 1,038,924 units of unsold right shares through a sealed-bid auction process. These shares were earlier issued at a 1:1 ratio, but the company did not receive applications for the full quantity. As per prevailing laws and the Securities Issuance and Allotment Guidelines, 2074, the company proceeded with the auction to sell the remaining units.

Auction Bids Opened and Evaluated on Mangsir 8

The sealed bids submitted within the auction period (from 26 Kartik to 3 Mangsir, 2082) were opened on Mangsir 8, 2082. After processing and evaluating all bids, the details were forwarded to the Board of Directors of the issue manager, Prabhu Capital Limited.
The board finalized the allotment decision on Mangsir 14, 2082, officially completing the distribution of the auctioned shares.

Cut-off Price Determined at Rs. 318.10

The company has announced that the cut-off price for the auction shares has been determined at Rs. 318.10 per share.
Applicants who placed bids at or above this price have been allotted shares on a pro-rata basis, depending on the relative weightage of their bids.

Refunds From Mangsir 15

Applicants who did not receive shares—or received partial allotment—will have their remaining or unallocated amounts refunded from Mangsir 15, 2082 onward.
Refunds will be deposited directly into the bank accounts mentioned by applicants in their application forms via IPS fund transfer.
Those who do not find the refund credited in their account are advised to contact Prabhu Capital Limited, Kamaladi, Kathmandu.