River Falls Power Limited To Sell 27,30,000 Shares To General Public through IPO

The initial public offering of River falls Power Limited is going to begin on the eleventh of May 2022. Remember to apply for the IPO in the wake of perusing the plan. Waterways fall power …

River Falls Power Limited IPO

The initial public offering of River falls Power Limited is going to begin on the eleventh of May 2022. Remember to apply for the IPO in the wake of perusing the plan. Waterways fall power restricted is a hydropower organization that has not been created again yet and has a projection to create again before long. The issue will be open from 28th Baisakh and will be stretched out to Jestha 11, 2079.

About The River Falls Power

River Falls Hydropower Pvt. Ltd. was established in October 2004 as a private restricted organization under Nepal’s Company Act 1993 and was subsequently switched over completely to a public restricted organization in October 2015. The organization adds to the jolt of the nation by providing power to the public authority. Energy is a central method for meeting both the fundamental requirements of the existence emotionally supportive network and completing all advancement endeavors. Subsequently, the organization means to add to the ongoing power lack by creating hydropower projects, as well regarding Nepal’s rustic financial turn of events.

River Falls Power Limited Shares for Public and Employee and Locals

54,600 units of the complete offers are held for the organization’s workers. Also, common asset plans get 1,36,500 offers. Thus, the overall population is qualified to apply for the leftover 25,38,900 offers.

Stream Falls Power Limited sold 700,000 offers in the principal period of the IPO to occupants of the Sankhuwasabha District on Chaitra 27, 2078 BS. The IPO issue was shut on Baisakh 11, 2079 BS because of the full membership of offers. Intrigued local people could apply for as not many as ten offers and upwards of one lakh shares.

On Chaitra 10, 2078 BS, the Securities Board of Nepal (SEBON) endorsed the organization’s public issuance. On Shrawan 13, 2078 BS, the organization presented the application to the board.

Initial public offering Details of River Falls Power Limited

Company             River Falls Power Limited

Symbol RFPL

Sector   Hydropower

Issue Manager  Prabhu Capital Limited

Initial public offering Open Date 11-05-2022-10:00AM

Initial public offering Close Date 18-05-2022-05:00PM

No. Of Share      27,30,000

Rating   BB-

2% to Employee               54,600

5% To Nagarik Lagani Kosh           1,36,500

Staying 93% To Public     25,38,900

Face Value and IPO Price               Rs. 100

Total assets Per Share    Rs. 87/per Share

Note IPO close date may be stretched out to 2079-02-11

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The most effective method to Apply Rivers Falls IPO From Mero Share

  • Go to Mero Share Login
  • Click on My ASBA Tab
  • Select the Company and tap on Apply
  • Fill in The Details and acknowledge the terms
  • Enter PIN and Click Submit

Initial public offering Result

The IPO allotment of River Falls Power restricted is distributed in the span of multi-weeks of the IPO Closed Date. Initial public offering apportioning is possibly done when every one of the given offers will be bought in. We will likewise share the reports with respect to the IPO aftereffects of River Falls Power Limited.

Source River Falls IPO

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