IPO of one more hydropower company to be floated soon; Ru Ru Hydropower starts process for issuance of 8.15 lakh unit

Ru Ru Jalvidut Pariyojana Limited has started the process for the issuance of Initial Public Offering (IPO) for the locals of the project affected area as well as for the general public. The hydropower company will be issuing 8,15,410 unit shares.

The company will be issuing 4,07,705 unit shares for the locals at par value of Rs 100 worth Rs 4.07 crore. Similar unit of shares will be issued for the general public as well.

The company is issuing 20% of the capital as IPO for 5MW Upper Hugdi Khola Hydro Project situated in Gulmi district.

NMB Capital has been appointed as the issue manager for the IPO issuance.

After the issuance of IPO worth Rs 8.15 crore, its paid-up capital will reach Rs 40.77 crore.