What will be the opening price of Ru Ru Hydro; How much will NEPSE rate?
Kathmandu, April 18
Ru Ru Jalbidhyut Pariyojana Ltd. has recently allotted the IPO to its applicants. The company distributed the IPO on Baisakh 3, 2078. The Nepal Stock Exchange (NEPSE) has set the price of the companies shares in the range of Rs. 118.84 to Rs. 356.52.
For the first transaction in the secondary market, the company’s net worth per share ranges from three times than its value. In the last financial year, the company’s net worth per share was Rs. 118.84. Based on the previous net worth per share, Nepse will set the price for the first share trading of the company.
The company has sold the IPO to the public from Chaitra 20 to Chaitra 24 and allotted it on Baisakh 3. In this IPO, applications were received for 2,35,46,440 lots from 1,683,121 people. Out of which 8 thousand 535 applications were rejected due to lack of formalities. While distributing shares among 15 lakh 90 thousand 896 eligible applicants, 37 thousand 916 people received shares at the rate of 10 lots.
The company charges Rs. 120 per share while issusing the IPO. In the first phase, the company has set a minimum face value of Rs. 100. The company, which had a paid-up capital of Rs. 32 crore 61 lakh 64 thousand 400, has reached Rs. 40 crore 77 lakh 5 thousand 500 after issusing IPO. The company is 80 percent owned by the founder, 10 percent by the project affected and 10 percent by the general public.