River Falls Power Limited (RFPL) is issuing 27,30,000 units of IPO shares worth Rs. 27.30 crores at face value 100 from today (i.e 28th Baisakh, 2079) to general public. Company will close this issue on 4th Jestha, if not fully subscribed the issue will be extended 11th Jestha, 2079. Applicants are allowed to apply for minimum of 10 units and maximum of 100,000 units.
54,600 shares or 2% of the issue have been allocated for employees, 1,36,500 shares or 5% of the issue have been allocated for mutual funds. The remaining 35,38,900 shares are allocated for the general public.
Prabhu Capital Limited has been appointed as the issue manager. CARE Rating Nepal has assigned 'CARE-NP BB-(Is)' to River Hills Power Limited. Which signifies to have a moderate risk of default regarding timely servicing of financial obligations.
River Falls Power Ltd (RFPL) was established on 5th october, 2004 as a private limited company, and the company was converted in public limited company in October 2015.
