Rasuwagadhi Hydropower’s second stage issue collects around Rs 51.32 crore till the last day; oversubscribed by 1.67 times

Wed, Mar 28, 2018 8:58 PM on Latest, IPO/FPO News, Featured, Stock Market,
Rasuwagadhi Hydropower Company Limited has collected about Rs 51.32 crore from 9571 applicants till its last day (Chaitra 13, 2074). From the employees of Provident fund, 585 applications were received which garnered Rs 7,38,85,000. The amount is oversubscribed by 1.08 times from the total issue of 6,84,210 units. Likewise, from the employees of promoter institutions, 8,986 applications were received collecting Rs 43,93,73,000. This amount is already oversubscribed by 1.83 times. Rasuwagadhi Hydropower Company Limited had been conducting its second phase of initial public offering for the employees of Employees Provident Fund and employees of the promoter organization. In the second phase, the issue was open for 6,84,210 units shares for employees of Employees Provident Fund and 23,94,735 units for the employees of promoter institutions and employees of concerned department of Rasuwa district from Chaitra 5-Chaitra 13, 2074. Siddhartha Capital Limited is the issue manager for the IPO of Rasuwagadhi Hydropower. NIBL Ace Capital, Global IME Capital and Sunrise Capital are co-issue managers for the IPO issue.