IPO Open From Today: River Falls Power (RFPL) Issuing 27,30,000 Shares To the General Public

River Falls Power Limited (RFPL) is issuing its IPO to the general public from today i.e 28th Baisakh, 2079. The early closing date of this IPO issue is on 4th Jestha. If it is not fully subscribed the issue will be extended up till 11th Jestha, 2079.

The company will issue 27,30,000 units of ordinary shares worth Rs. 27.30 crores at par value of Rs. 100. This 39% of the company's issued capital. 2% of the issue worth 54,600 shares have been allocated for employees of the company and 5% worth 1,36,500 shares for mutual funds. The remaining 25,38,900 shares are purely for the individual public. The company has already issued 700,000 units worth of Rs. 7 crores to the general public. Thus, the paid-up capital of the company is Rs. 35.70 crores.

Prabhu Capital Limited has been appointed as the issue manager. Applications can be placed for a minimum of 10 units to a maximum of 100,000 units. CARE Rating Nepal has assigned 'CARE-NP BB-(Is)' to River Hills Power Limited. The grade assigned to any individual issue is considered to have a moderate risk of default regarding timely servicing of financial obligations.

River Falls Power Ltd (RFPL) is a Public limited company, incorporated on October 5, 2004, as a private limited company, later on, converted to a public limited company in October 2015. The company has been set up to build, own and operate a 10.30 MW run-of-river, Down Piluwa Khola Small Hydropower Project in the Sankhuwasabha district of Nepal.

Notice