9,53,442 Applicants Have Applied for IPO of Ru Ru Jalbidhyut ; Less than 4% of Them Will Get 10 Units Each

Ru Ru Jalbidhyut Limited has issued an IPO to the general public from 20th Chaitra. The issue will close on 24th Chaitra, 2077.

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

NMB Capital Limited has been appointed as the issue manager for the IPO issuance. According to the issue manager, 9,53,442 applicants have applied for a total of 1,39,00,040 units. This data is as of 5 pm today. Thus, the issue is already oversubscribed over 36.65 times in terms of the number of shares. The issue is also oversubscribed in terms of the number of applicants given that only 37,916 applicants will get 10 shares each.

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.