Rairang Hydropower Development Company is going to issue IPO from 31 Baishak 2075. The hydropower company will issue 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 going to issue 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 NIB 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.
