Ru Ru Jalbidhyut Limited issuing IPO from Chaitra 20 at premium Price 2077

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Ru Ru Jalbidhyut Limited issuing IPO from Chaitra 20 at premium Price 2077. Ru Ru Jalbidhyut Limited is issuing an IPO to the general public from (चैत २० देखि चैत २४ सम्म, २०७७)20th Chaitra to 24th Chaitra, 2077. If the issue is not subscribed by the early closing date, the deadline can be extended up to 3rd Baisakh(बैशाख ३, २०७८).

The company is issuing 4,07,706 unit shares to the general public at Rs 120 per share including Rs 20 as a premium amount. 

Ru Ru Jalbidhyut Pariyojana Limited has published an offer letter to issue 4,07,706 units IPO shares to the general public from 20th Chaitra to 24th Chaitra, 2077.

2% of the issue, i.e. 8,154(८,१५४) units have been set aside for the employees of the company and another 5% to mutual funds i.e 20,385 (२०,३८५)units. The remaining 3,79,167(३,७९,१६७) units are purely for individual investors. Investors can apply for a minimum of 10 units and a maximum of 3,79,167(३,७९,१६७) units.

NMB Capital Limited has been appointed as the issue manager for the IPO issuance.

IPO is issued in two phases, first to locals (already issued) and now to the public, the promoter: public shareholding ratio of the company will be 80:20.

ICRA Nepal has assigned a grading of [ICRANP] IPO Grade 3, indicating average fundamentals, to the proposed initial public offering (IPO) of NPR 89.695 million of Ru Ru Jalbidhyut Pariyojana Limited.

Source: sharesansar

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