Ru Ru Hydropower Project Limited is issuing IPO from today. The company is about to open IPO issuance and sale for the locals of the project affected areas. The project is going to sell 47,705 ordinary shares at the rate of Rs 100 per share for the locals of Gulmi district affected by the Rs.
Applications for the IPO can be submitted as soon as possible till March 6. If all the shares are not sold on time, it can be filled up by March 25.
Hydropower Company has appointed NMB Capital as the share issuer and sales manager. Locals will be able to apply for a minimum of 10 lots and a maximum of 400,000 lots in Ru Ru.