Monday, June 27, 2022

River Falls IPO to be distributed today, only 2.5 lakh people will get shares

River Falls IPO Result: River Falls IPO to be distributed today, only two and a half million shares. The IPO result will be distributed today on Monday at 4 PM.

According to Prabhu Capital, the company’s share issue and sale manager, the distribution will take place at Prabhu Capital’s office at 4 pm today. Capital completed the pre-allotment on Friday and is going to distribute the company’s shares today.

According to the latest data on the company’s IPO, 18 lakh 38 thousand 431 applicants had applied for 211,32,820 shares worth Rs 2.11 billion. The company had issued 2.73 million ordinary shares with a face value of Rs 100 per share since Wednesday, April 11.

River Falls IPO Result Published Now

Out of which 2 per cent or 54,600 shares have been reserved for employees and 5 per cent or 136,500 shares have been allotted for collective investment funds. Only the remaining 25 lakh 38 thousand 900 shares will be distributed to the general public.

River Falls Power Limited IPO Result Date Check Result
09 Jestha 2079 (4 PM) Meroshare CDSC

As there are more applications than demand in the IPO of the company, the securities will be issued as per the issuance and distribution guidelines. Accordingly, 253,890 people will get shares by distributing shares at the rate of a minimum of 10 lots.

About River Fall IPO for General Public Date

River Falls Power Limited is going to open the issue and sale of general shares (IPO) for the general public from 28 Baishak 2079 to 2 Jestha 2079.

The total issue of the company will be 35,38,900 units. In addition, the shares allotted for the locals of the project affected areas will be sold to the general public (including collective investment funds and employees) by adjusting the equivalent shares if not sold.

River Falls Power Limited IPO Date for Public

River Falls Power Limited IPO Date Units
28 Baishak 2079 to 2 Jestha 2079   35,38,900

In the IPO, locals will be able to apply for a minimum of 10 lots and a maximum of 100,000 lots. Investors will be able to apply for the IPO as early as they can from the date of opening.

River Falls Power Limited IPO General Public

Similarly, Prabhu Capital Limited will act as the issuer and sales manager to make the ordinary shares public.

Emerging Nepal Limited IPO Result

Apply River Falls IPO Online Now

River Falls Power Limited IPO Offline Apply

Investors in this IPO have received full approval from Prime Commercial Bank Ltd. Khadwari Tumlingta and Sabhapokhari Branch, Prabh Bank Ltd., Khandbari Branch, Global IME Bank Ltd., Khandbarir Chainpur Branch, Planning Office of River Falls Power Ltd., Samvasabha and Nepal Securities Board.

C-ASBA Member Banks and Financial Institutions and their branch offices may apply from the office.

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