Rapti Hydro and General Construction IPO – How to apply Rapti Hydro IPO

Starting today, people can start submitting applications for Rapti Hydro and General Construction IPO.

From today, Rapti Hydro and General Construction Limited will launch an initial public offering (July 12). The business is about to go public with an Rapti Hydro and General Construction IPO.

Residents of the project-affected districts will receive 2,366,240 ordinary shares, including the final 37,623 shares, from the corporation. Three percent, or 70 000 988 shares, of the total shares to be issued have been set aside for employees, and five percent, or 118 000 312 shares, have been set aside for the collective investment fund. The remaining 2.176 million 940 units are open for applications from investors.

Rapti Hydro and General Construction IPO
Rapti Hydro and General Construction IPO

A minimum of 10 lots and a maximum of 2.1 million lots of shares must be requested by investors. If no applications are received by July 22 when the eviction closes, the application period will be extended until July 25.

ICRA Nepal has assigned the company an ICRP IRB rating as part of the rating for the IPO issuance. This suggests a high danger of being unable to accept responsibility.

Siddhartha Capital Limited and Muktinath Capital Limited are the company’s issue and sale managers, respectively. With the consent of the Nepal Securities Board, investors may also submit applications through banks and other financial institutions that take part in the ASWA service. Additionally, applications can be submitted using the My Share website and mobile app.

Rapti Hydro & General Construction Ltd (RHGCL), is a public company incorporated on Kartik 5, 2065 (October 21, 2008) as per Companies Acts 2063, Nepal with the objective to develop and invest in hydropower projects. It is currently developing 5 MW Rukum Gad Hydropower Project in Rukum East District and owns its Electricity generation license. The Project is located at Sisne and Bhume Gaunpalika of Rukum East District. Its registered office is located at Kathmandu-11, Bluestar Complex, Tripureshor.

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