Ru Ru Jalbidhyut Limited’s IPO is issued to public from today. People can now apply for the IPO from 20th Chaitra 2077 B.S. to 24th Chaitra 2077 B.S. A total of 4,07,706 unit shares is issued to the general public.
The company had already reserved 2% of the total shares i.e. 8,154 units for the employees. In addition to this another 5% of the total shares i.e. 20,385 units was allocated to the mutual funds. Now the remaining 3,79,167 units of shares are issued for individual investers from today.
Each unit of share is priced as NRs. 120 and each individual may apply for a minimum 10 units up to 3,79,167 units of shares in this IPO.
NMB Capital Limited is the issue manager for Ru Ru Jalbidhyut Limited’s IPO.
ICRA Nepal has aggigned ICRANP IPO GRADE 3 to this IPO, which indicates average fundamentals as per ICRA Nepal’s grading scale.
Ru Ru Jalbidhyut Pariyojana Limited had issues their IPO in two phases. First to the locals only and now to the public. The ration of promoter vs public share holding ratio of the company will be 80:20.
Ru Ru Jalbidhyut Pariyojana Limited IPO Details
|Issuing Company||Ru Ru Jalbidhyut Pariyojana Limited|
|Issue Manager||NMB Capital Limited|
|SEBON Approval Date||21th Magh 2077 B.S.|
|IPO Open Date||20th Chaitra 2077 B.S.|
|IPO Close Date (Early)||24th Chaitra 2077 B.S.|
|IPO Close Date (Lately)||3rd Baisakh 2078 B.S.|
|Total Share Registered Amount||NRs. 407,705,500|
|Per Unit Share Price||NRs. 120|
|Total IPO Share||815,411|
|Total Share Registered||407,705,500|
|Total Capital from IPO||NRs. 89.695 Million|
|% of Issued Capital||20%|