River Falls Power Limited Closing IPO for Locals Today, IPO Still Remains Undersubscribed

River Falls Power Limited (RFPL) is closing the IPO issue of 7,00,000 units worth Rs 7 crore to the project affected locals of Sankhuwasabha District today, i.e 11th Baisakh, 2079. This IPO issue was opened on 27th Chaitra, 2078.

Out of the total 7,00,000 units, only 5,06,030 units worth Rs. 5.06 crores has been applied till now. 1,93,970 units of shares still remain undersubscribed.

Prabhu Capital has been appointed as the issue manager for the IPO issuance.

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.