River Falls Power Limited IPO for Local has opened. The project affected locals of the Sankhuwasabha District can apply for this IPO. The River Falls Power Limited IPO for Local will open on 27th Chaitra, 2078, and close on 11th Baishakh, 2079. If it is not subscribed by the early closing date, the IPO will close on 26th Baisakh. Prabhu Capital is the issue manager for this IPO.
The company was issued a total of 7,00,000 unit shares at a par value of Rs. 100 per share. This quantity is 10% of the company’s issued capital. If the local’s issue is not subscribed fully, the remaining shares will be issued along with the public issue.
Locals applicants can apply for a minimum of 10 shares to a maximum of 1,00,000 shares. These shares have 3-year lock-up period. So investors can’t be sold for 3 years from the date of allotment to the public.
The company is building the 10.3 MW Piluwa Khola Hydropower Project, which is a per megawatt cost of Rs. 18.06 crores. According to agreement, the electricity generation license will expire on Ashar 11, 2105 BS. The company can operate for 27 more years. The simple payback period is 6.32 years and the discounted payback period is 10.29 years of this IPO.
About River Falls Hydropower
River Falls Hydropower Pvt. Ltd. was established as a Pvt. Ltd Company in October 2004 under the Company Act 1993 of Nepal by a group of entrepreneurs and later on converted into Public Ltd Company in October 2015. The company works towards the electrification of the nation by supporting the government by producing electricity. Energy is a basic means of meeting both the basic requirements of a life support system and executing all development efforts. The company thus has planned to contribute to the solution of the present power shortage by developing hydropower projects as well to contribute toward the rural economic development of Nepal.
How to apply River Falls Hydropower IPO
Are you looking for How to apply River Falls Hydropower IPO information? If yes, then you need to apply for this IPO from the following application center.
