Ru Ru Jalabidhyut Pariyojana limited to issue 407,705 units IPO shares to locals of projected affected areas. IPO will be floated to projected affected people of Gulmi district. The company had applied for approval from SEBON to issue initial public offering (IPO) and added in IPO pipeline of Sebon.
The company will be issuing 10% or 407,705 units for locals of affected areas at the rate of Rs.100.
NMB Capital Limited has been appointed as issue manager of IPO.
Currently, its paid up capital is Rs.32.61 crore.
It has been producing 5 MW electricity from Uppwer hugdi khola, Gulmi from 2071.
