So many applications in River Falls Power’s IPO till the last day

river falls power ipo

river falls power ipo

1.838 million 431 people have applied for the IPO purchase of River Falls Power. According to the information provided by CDS & Clearing, till the last day, i.e. 5 pm on Wednesday, the demand for purchase of 211,32,820 shares equal to Rs. 2,113,282,000 has been received from these applicants. The number of applications received is 8.33 times more than the demand.

The company used to issue and sell 2.73 million IPO lots with a face value of Rs 100 per share to the public.

Out of which 2 percent or 54,600 shares have been allotted for employees, 5 percent or 136,500 shares for collective investment funds and the remaining 25,38,900 shares for general public. Prabhu Capital Limited is the IPO issuer and sales manager of the company.

They can apply for a minimum of 10 lots and a maximum of 100,000 lots in the company’s IPO. Applications for the company’s IPO can be submitted by all C-ASWA member banks and financial institutions and their branch offices approved by the Nepal Securities Board. In addition, my share can be applied through web and app.

Care Rating Nepal has given Care NP Double B minus IS rating to the company in the rating given for IPO issue. This indicates a moderate risk in the company’s ability to bear responsibility.

 

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Aajako Nepali Khabar