Ru Ru Jalbidhyut Pariyojana’s ordinary share allotment issued and refund

Kathmandu, March 23

Ru Ru Jalbidhyut Pariyojana Ltd. has distributed the IPO sold for the project affected locals. The company on Monday distributed IPOs to the applicants who duly applied within the stipulated period.

The company has launched the project for the first phase from Falgun 7 to Falgun 21 for locals in Chandrakot village municipality ward no. 6 and 7 of total 407,705 IPOs with a face value of Rs 100 each have been sold.

It was possible to apply for IPO purchase from a minimum of 10 lots to a maximum of 400,000 lots. The IPO sales manager of the is NMB Capital Limited.

Currently, the paid-up capital from the founders alone is Rs. 32 crore 61 lakh 64 thousand 4 hundred. After the issuance of IPO to the local and general public, the company’s paid-up capital will reach Rs. 40 crore 77 lakh 5 thousand 5 hundred. The company will also issue 407,706 IPOs to the general public. The company has received the approval of the board on Magh 21 to issue an IPO worth Rs 4 crore 77 lakh 5 thousand 5 hundred. The company has started commercial production in Chandrakot village municipality of Gulmi district by constructing a 5 MW capacity. The company says that the project is generating 4.36 MW of electricity per day.