KATHMANDU: The Ru Ru Jalbidhyut Limited is issuing an IPO to the general public from today i.e. April 2 to April 6, 2021. The company is issuing 407,706 unit shares to the general public at Rs 120 per share including Rs 20 as a premium amount.
If the issue is not subscribed by the early closing date, the deadline can be extended up to April 16. A 2 percent of the issue, i.e. 8,154 units have been set aside for the employees of the company and another 5 percent to mutual funds i.e 20,385 units.
The remaining 3,79,167 units are purely for individual investors. Investors can apply for a minimum of 10 units and a maximum of 379,167 units.
NMB Capital Limited has been appointed as the issue manager for the IPO issuance.