River Falls Power Ltd IPO Opening Date Confirm
River Falls Power Limited opened an IPO for the general public. It was before open share for the local people of sankhuwasabha districts. It had opened 7,00,000 shares for the local people from Chaitra 27, 2078 B.S and closed on Baishakh 11 2079 B.S.
Now finally the IPO of River Falls Power Limited is going to open from Baishakh 28 2079 B.S for the general public. The IPO early closes on Jestha 04 2079 B.S. If it is not completely subscribed then the date extends to Jestha 09, 2079 B.S.
The company opens 27,30,000 unit shares for the general public. Out of which 2% of the total share i.e 54,600 for the company employees, 5% of the total share i.e 1,36,500 units for the mutual funds and the remaining 25,38,900 units share for the general public. The company has appointed Prabhu capital as sales manager to issue shares.
Also Check: How to Apply IPO from Mero Share
About River Falls Hydropower Company
River Falls Power Limited was established in October 2004 as a private company but later in October 2015, it was converted to a public company. The company works to generate 10.30 MW of electricity in the Sankhuwasabha district of Nepal from Piluwa Khola.
The company helps the government by Producing electrical energy. The electricity generated through the hydropower is transmitted at a 33 kV transmission line to Baneshwor station.
1. When will River Falls Hydropower IPO open for the general public?
Ans: River Falls Hydropower IPO will open from Baishakh 28 2079 B.S for the general public.