Kathmandu, May 11
River Falls Power Limited has launched an initial public offering (IPO). Since Wednesday, the business has been accepting applications for 2.73 million ordinary shares with a face value of Rs 100 each.
Employees will receive 2% of the shares, or 54,600 shares, while the collective investment fund will receive 5% or 1,36,500 shares. The remaining 25 lakh 38 thousand 900 shares will be open to the general public to apply for.
The transfers will be stopped on May 18th at the earliest, and May 25th at the latest. Prabhu Capital Limited is the company’s issue and sale manager. You must apply for at least 10 lots of shares to participate in an IPO.
