IPO Allotment Today: Lucky 2,53,890 Applicants Will Get Shares of River Falls Power

Mon, May 23, 2022 10:32 AM on IPO/FPO News, Share Allotment, Latest,

The IPO allotment of River Falls Power Limited (RFPL) is scheduled today i.e Jestha 9, 2079. The allotment program will commence at 4 pm at the premises of the issue manager Prabhu Capital Limited, Kamaladi, Kathmandu.

The company has a total of 3,570,000 promoter shares. Earlier 7,00,000 units which is 10% of the total capital were allotted to the project affected locals of Sankhuwasabha district. 

The company opened its IPO issue of 27,30,000 units from 28 Baisakh - 4th Jestha, 2079. Thus, the IPO will raise a total of Rs. 27.30 crores in paid-up capital. Of the total public issue, 2%, i.e. 54,600 shares was reserved for employees while 5%, i.e. 1,36,500 shares for mutual funds. The remaining 25,38,900 shares were for the individual public. Prabhu Capital completed the pre-allotment last Friday and is going to allot the shares today.

According to CDSC, 18,50,277 applicants have applied for a total of 2,12,59,570 shares. Thus, the issue has been oversubscribed over 8.37 times.

In contrast, only 253,890 applicants will be allotted 10 shares each.