Rapti Hydro and General Construction IPO Collects Rs. 1.72 Arba From 15.38 Lakh Applicants Till Last Day; IPO Oversubscribed by More Than 7.93 Times

Rapti Hydro and General Construction Limited (RHGCL) had issued 23,66,240 units shares worth Rs. 23.66 crores to the general public as a part of their Initial Public Offering (IPO) from Ashad 29 till 1st Shrawan, 2079.

Out of the total 23,66,240 units; 3% of the total offered shares i.e. 70,988 units have been set aside for the employees of the company and 5% of the total offered shares i.e. 1,18,312 units have been set aside for the mutual funds. The remaining 21,76,940 units were for the general public. The paid up capital of the company will reach to Rs. 61.27 Crores after the IPO issuance.

According to CDSC, 15,38,688 applicants have applied for a total of 1,72,65,150 units worth Rs. 1.72 Arba till last day. Thus, the IPO was oversubscribed by more than 7.93 times in terms of number of units through ordinary applicants as of closing day.

Siddhartha Capital Limited was appointed as the issue manager for the IPO issuance. Interested investors could apply for a minimum of 10 units and a maximum of 21,00,000 units.

Rapti Hydro & General Construction Limited is a public company incorporated on Kartik 5, 2065 (October 21, 2008) as per Companies Acts 2063, Nepal with the objective to develop and invest in hydropower projects. It is currently developing a 5 MW Rukum Gad Hydropower Project in Rukum East District and owns its Electricity generation license. The Project is located at Sisne and Bhume Gaunpalika of Rukum East District. Its registered office is located at Kathmandu-11, Bluestar Complex, Tripureshor.