IPO Alert: Ru Ru Jalbidhyut Limited issuing IPO shares to general public from Chaitra 20 at premium

Wed, Mar 24, 2021 6:26 AM on IPO/FPO News, Stock Market, Latest,

Ru Ru Jalbidhyut Limited is issuing an IPO to the general public from 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.

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. 

IPO Allotment for Locals Completed: Ru Ru Jalbidhyut Pariyojana Allots Shares As High As 30 Units Per Applicant

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. 

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.

Click here for IPO Offer Letter: