Last Day to Apply for IPO of River Falls Power Limited (RFPL); Issue Already Oversubscribed by 7.55 times

Wed, May 18, 2022 8:09 AM on IPO/FPO News, Latest,

River Falls Power Limited (RFPL) is closing its IPO issue from today i.e. Jestha 4. The company is issuing 27,30,000 units worth Rs 27.30 crores of ordinary shares as IPO to the general public from 28th Baisakh, 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, 16,57,091 applicants have applied for a total of 1,91,71,000 units. Thus, the issue is already oversubscribed 7.55 times in terms of the number of units. This is the data as of 10 AM today

The paid-up capital will reach Rs. 35.70 after the issuance of the public shares.