Rapti Hydro and General Construction Limited are going to open general issues and sales to the public. The company is going to open the Initial Public Offering (IPO) to the public on July 13.
The company has stated that it will issue a total of 2,366,240 shares, including the remaining 37,623 shares, to the residents of the project-affected areas.
As per the call letter issued by the company, out of the total issued shares, three percent or 70 thousand 988 shares have been reserved for employees and five percent or 118,312 shares for collective investment funds. The general public can apply for the remaining 2,176,940 shares.
Investors can apply for a minimum of 10 lots and a maximum of 2.1 million lots till July 17, and if the demand is not met within that period, the deadline will be extended till July 27.
Investors can apply with the permission of the Nepal Securities Board through all the banks and financial institutions participating in the ASWA service as well as through Mero Share's website and app.
The company has been given an 'ICRP IRB' rating by ICRA Nepal. The company's share issue and sale manager is Siddhartha Capital Limited and the co-issue and sale manager is Muktinath Capital Limited. -
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