Ru Ru Jalvidhyut to issue IPO with Premium from April 2

Mar 24, 2021 09:39 AM Merolagani

Ru Ru Jalvidhyut Pariyojana is set to issue initial public offering (IPO) from April 2.

The company will issue 407,706 units of primary shares with a face value of Rs 100 adding premium of Rs 20. That means the general public must purchase the share at a price of Rs 120.

Out of the total offered shares, the company has secured 2 percent i.e. 8,154 units to employees and 5 percent i.e. 20,385 to mutual funds. The general public can apply for the remaining 379,167 units of shares.

The issue will close early on April 6 and lately on April 16. The interested investors can apply for a minimum of 10 and maximum of all units of shares.

ICRA Nepal has assigned BBB rating to the issue indicating moderate risk.

The company has appoi8nted NMB Capital as its issue manager. The applicants can apply from all C-ASBA approved BFIs and meroshare.

Currently, the company has a paid-up capital of Rs 326.1 million that will reach Rs 407.7 million after the IPO.

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Asterisk Technology  Launches World War 4 – Endgames in Google Play Store

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Asterisk Technology, LLC, a newly emerging game development company based in Kathmandu, has launched an Early Access date for a dystopian text-based online multiplayer role-playing game, World War 4 – Endgames in Android platform via Google Play Store on April 16, 2021.