River falls power to issue IPO from 28 Baishakh for public

River falls power to issue IPO

River falls power Limited to issue IPO (initial public offering) from 28 Baishakh 2079 for general public. The issue will be close on 04 Jestha 2079.

River falls will be issuing 27,30,000 units of shares at the rate of Rs.100. Out which company allocate 2% or 54,600 units for employees and 5% or 1,36,500 units for existing mutual funds. Remaining 25,38,900 units of shares issuing for general public.

Interested applicants can apply for minimum 100 units of shares through MeroShare and C-ASBA approved BFIs.

Care Rating Nepal has assigned a double B minus issuer rating CARE-NP BB- to the company.

Prabhu Capital Limited has been appointed as issue manager.

Paid up capital will reached to Rs.70 crore after IPO issuance.