Rairang Hydropower Development Company (RAIRANG) is going to issue 8,40,000 unit shares at par value of Rs 100. From the total 33,600 units or 4% is separated for the employees of Rairang and 42,000 units or 5% is separated for the Mutual Funds. The remaining 91% is open for general public. The issued IPO is 15% of its total capital.
The applicants should apply for minimum 50 unit shares to maximum 4,200 units. The issue will open from Baisakh 31, 2075 till Jestha 03, 2075. In any contingency, the issue will open till Jestha 29, 2075 at the latest.
NIBL Ace Capital has been appointed as the issue manager for the issue.
Rairang Hydropower Development Company Limited operates 500 KW Rairang Hydroelectric Project in Dhading district. It is developing 9.90MW Iwakhola Hydroelectric Project in the border of Taplejung and Panchthar districts. The company has projected commercial operation of the 9.90 MW project before 2074 Magh end. The authorized capital of the hydropower company is Rs 1 arba. Its paid up capital is currently Rs 42 crore. After IPO for locals and general public, its paid up capital will reach Rs 56 crore. Promoters will own 75% of the company, locals of project-affected area will own 10% and general public will own 15% after the IPO.
साञ्जेन जलविद्युत्त कम्पनीले ८७ करोड ६० लाख रुपैयाँको एकसय रुपैयाँ अंकित दरका ८७ लाख ६० हजार कित्ता प्राथमिक सेयर निष्काशन गर्न निवेदन दिएको हो । अर्को कम्पनी रसुवागढी हाईड्रोपावरले एक अर्ब ६४ करोड २१ लाख चार हजार रुपैयाँको एकसय रुपैयाँ अंकित दरका एक करोड ६४ लाख २१ हजार ४० कित्ता प्राथामिक सेयर (आईपीओ) जारी गर्न अनुमति माग गरेको छ ।
