Applications for the IPO of Rapti Hydro and General Construction Limited have been opened from today, June 8. The company has issued IPOs for the locals of Rukum East and Rukum West districts affected by the project.
The company has issued 612,793 IPOs at a face value of Rs 100 per share. The size of this IPO is 10 percent of the company’s issued capital of Rs 612.79 million. Investors will be able to apply for a minimum of 10 lots and a maximum of 600,000 lots of shares.
The IPO issuance will be closed soon after July 22 and late on July 7 after banking hours. Global IME Bank’s Chipridaha Branch and Musikot Branch, Siddhartha Bank’s Putha Uttarganga Branch and Musikot Branch, Prabhu Bank’s Rukumkot Branch and Siddhartha Capital and Muktinath Capital’s Naxal-based offices in Kathmandu have been designated as collection centers to apply for this IPO.
Siddhartha Capital Limited is the IPO issuer and sales manager.