Ru Ru Hydropower IPO Date

Ru Ru Hydropower to Issue IPO from Chaitra 20:

Ruru Hydropower Project is going to issue IPO from 2077 Chaitra, 20, Friday (2021 April 2). The company is going to issue IPO by adding a premium price to the face value. The company has stated that it is going to issue an IPO at Rs 120 per share by adding a premium of Rs 20 to the face value of Rs 100 per share.

A total of 4,07,706 IPO shares have been issued. Out of this, 8,154 employees and 20,385 mutual funds have been allotted. The general public will be able to apply for the remaining 379,167 shares.

Applications can be submitted by 2077 Chaitra 24, Tuesday (2021 April 6). If there is no IPO sale at that time, the sale will be kept open till 2078 Baishkh 3, Wednesday (2021 April 16. Applications can be made for a minimum of 10 lots and a maximum of all lots in the IPO of Ruru Hydropower. NMB Capital will act as the sales manager.

ICRA Nepal has given the ICRA NP IR Triple B rating to the company in the rating given for the IPO issue. This indicates that it is moderately safe to meet financial obligations on time.

The issue and sale manager of the company is NMB Capital Limited. All C-ASBA members who have received approval from the Nepal Securities Board can apply for the company's IPO from banks and financial institutions and their designated branch offices.

At present, the paid-up capital of the company is Rs. 326.164 million. After the sale of the IPO to the locals and the general public, the paid-up capital of the company will reach Rs. 407.7 million.

Detail Statement: