Last day to apply for IPO of Ru Ru Jalvidhyut

Apr 06, 2021 08:59 AM Merolagani

Today is the last day to apply for initial public offering (IPO) of Ru Ru Jalvidhyut Pariyojanaj.

The company is issuing 407,706 units of primary shares with a face value of Rs 100 adding premium of Rs 20 from April 2.

 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 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.

comments powered by Disqus