IPO Shares of RU RU Jalbidhyut (RURU) to Trade from Tomorrow; What is the Opening Range?

Sun, May 2, 2021 1:36 PM on IPO/FPO News, Share Listed, Latest,

40,77,055 shares of RU RU Jalbidhyut Pariyojana Limited (RURU) are now listed in NEPSE.

The IPO allotment of Ru Ru Jalbidhyut Limited concluded on 2078/01/03. The company had opened its IPO to the general public from 20th Chaitra. The issue closed on 24th Chaitra, 2077, at the end of banking hours.

The company had issued 4,07,706 unit shares to the general public at Rs 120 per share including Rs 20 as a premium amount. 2% of the issue, i.e. 8,154 units were 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 were purely for individual investors.

The issue received applications from 15,90,896 valid applicants for a total of 2,18,76,610 units. The issue was oversubscribed by more than 8.47 times. As per the allotment module, a total of 37,916 applicants were allotted 10 units each via lottery, and the remaining 15,52,980 applicants returned empty hands. 7 lucky applicants each got one extra unit. A total of 8,154 units were allotted to 26 staff of the company and 20,385 units allotted to mutual funds.

The opening range is set as Rs. 118.84 to Rs. 356.52 for the first transaction. Considering that the first transaction is made in the pre-open session tomorrow, the IPO shares can trade from tomorrow's trading session itself.