Rairang Hydropower Development Company is issuing initial public offering (IPO) from today; 31 Baishak 2075.
The hydropower company is issuing 8,40,000 units of IPO shares at the face value of Rs.100. The offer will be closed on 3 Jestha 2075. It is 15% of capital as IPO to public.
Applicant can apply minimum 50 units to maximum 4200 units of shares.
The company has allocated 4% or 33,600 units to employees & 5% or 42,000 units to existing mutual funds. Remaining 7,64,400 units are allocated for general public.
The issue manager of IPO is NIBL ACE Capital Limited.
Interested applicant can apply from all C-ASBA approved bank & financial institutions & their branches.
Currently, its paid up capital is Rs.42 crore. After IPO for local & public, paid up capital will reach to Rs.56 crore. Capital structure will be 77:10:15 among promoter local people & general public.
Rairang Hydropower operates 500KW projects in Dhading district. Further it is developing 9.90MW in the Taplejung & Panchthar districts.
