KATHMANDU, June 5: Rapti Hydro and General Construction Limited is making its shares available for the general public to buy and sell.
The company is going to launch an initial public offering (IPO) on July 12. The company has stated that it will issue a total of 2,366,240 units of shares. The total shares also include the remaining 37,623 shares that did not sell when the company had offered its shares to the residents of the project-affected area.
As per the call letter issued by the company, out of the total issued shares, three percent or 70,988 shares have been reserved for employees and five percent or 118,312 shares have been reserved for collective investment funds. The general public can apply for the remaining 2,176,940 shares.
Investors can apply for a minimum of 10 shares and a maximum of 2.1 million shares by July 17. However, if the organization does not receive applications as per the demand within that period, the deadline will be extended till July 27. Investors can apply, with the permission of the Nepal Securities Board, through the banks and financial institutions that provide ASBA service as well as through Mero Share’s website and app.
ICRA Nepal has given it a rating (ICRA NP-IR) of B. The company’s Share Issue and Sales Manager is Siddhartha Capital Limited and the Co-Share Issue and Sales Manager is Muktinath Capital Limited.