IPO of River Falls Power (RFPL) Oversubscribed Over 6.47 Times Already, Issue Closing Tomorrow

River Falls Power Limited (RFPL) has issued 27,30,000 units of ordinary shares as IPO worth Rs. 27.30 crores to the general public from 28th Baisakh, 2079. This issue will close on Jestha 04, 2079 at the end of banking hours since it was already oversubscribed on the third day i.e Jestha 03, 2079.

Out of offered 27,30,000 units; 2% of the issued capital i.e, 54,600 units have been allotted for the employees of the company and another 5% i.e 1,36,500 units for the mutual funds. The remaining 25,38,900 units are for the general public.

Applications can be placed for a minimum of 10 units and a maximum of 100,000 units. Prabhu Capital Limited has been appointed as the issue manager for the IPO issuance. According to the issue manager, 14,13,005 applicants have applied for a total of 1,64,36,140 units. Thus, the issue is already oversubscribed 6.47 times in terms of the number of units. This is the data as of 10: 30 am today. The paid-up capital will reach Rs. 35.70 after the issuance of the public shares.