Brace Yourself for Yet Another IPO: SEBON Approves IPO Issue of Ru Ru Jalabidhyut Pariyojana Limited

SEBON has approved the IPO issue of Ru Ru Jalabidhyut Pariojana Limited.

The company has a total of 40,77,055 shares registered. 4,07,705 unit shares will be issued to the locals at the rate of Rs. 100. Meanwhile, 4,07,706 units will be issued to the general public at a premium rate of Rs. 120.

After the IPO is issued in two phases, first to locals and then to the public, the promoter: public shareholding ratio of the company will be 80: 20. NMB Capital is appointed the issue manager for this IPO issue. SEBON approved the IPO issue on Magh 21.

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.