After allotting 4,217,636 units of shares to valid applicants, the company is auctioning the remaining 103,364 units.
Currently, the company has a paid-up capital of Rs 540 million. The company is issuing 80 percent i.e. 4.32 million unit of right shares of the current paid-up capital amounting to Rs 432 million. After capitalization of the right issue, the paid-up capital will totals Rs 972 million.
In order to meet the minimum paid-up capital requirement of Rs 1 billion, the company still needs Rs 28 million.
