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.
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
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
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
- 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