Last Day to Apply for IPO of Ru Ru Jalbidhyut Limited; IPO already applied by more than 13 lakhs investors
Tue, Apr 6, 2021 6:49 AM on IPO/FPO News, Stock Market, Latest,
Ru Ru Jalbidhyut Limited is closing its IPO issue to the general public from today i.e. 24th Chaitra. This issue was opened on 20th Chaitra and can be applied till banking hour today.
The company is issuing 4,07,706 unit shares to the general public at Rs 120 per share including Rs 20 as a premium amount.
NMB Capital Limited has been appointed as the issue manager for the IPO issuance. According to CDSC, 13,08,985 applicants have applied for a total of 1,87,65,600 units. This data is as of 5:20 pm yesterday. Thus, the issue is already oversubscribed over 49.49 times in terms of the number of shares. The issue is also oversubscribed in terms of the number of applicants given that only 37,916 applicants will get 10 shares each.
2% of the issue, i.e. 8,154 units have been 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 are purely for individual investors. Investors can apply for a minimum of 10 units and a maximum of 3,79,167 units.
IPO is issued in two phases, first to locals (already issued) and now to the public, the promoter: public shareholding ratio of the company will be 80:20.
ICRA Nepal has assigned a grading of [ICRANP] IPO Grade 3, indicating average fundamentals, to the proposed initial public offering (IPO) of NPR 89.695 million of Ru Ru Jalbidhyut Pariyojana Limited.
Things to know for prospective investors about IPO of Ru Ru Jalbidhyut Pariyojana Limited
Click here for IPO Offer Letter:
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