Reminder to Residents of Sankhuwasabha: River Falls Power Limited Issuing 7,00,000 Shares

River Falls Power Limited has published an offer letter to issue its IPO to the project affected locals of the Sankhuwasabha District. The local IPO issue will open on 27th Chaitra, 2078, and close on 11th Baishakh, 2079. If not subscribed by the early closing date, the issue will close on 26th Baisakh.

7,00,000 unit shares will be issued at a par value of Rs. 100 per share. This is 10% of the company's issued capital. If the local's issue is not subscribed fully, the remnant shares will be issued along with the allocated quantity for the public issue.

Locals of the Sankhuwasabha District can apply for a minimum of 10 shares to a maximum of 1,00,000 shares. It is to be noted that the shares allotted to locals will go on a lock-up period wherein the shares can't be sold for 3 years from the date of allotment to the public.

The company is promoting the 10.3 MW Piluwa Khola Hydropower Project, which has a per megawatt cost of Rs. 18.06 crores. The electricity generation license will expire on Ashar 11, 2105 BS, hence the company can operate for 27 more years. The simple payback period is 6.32 years while the discounted payback period is 10.29 years.

Offer Letter