Rapti Hydro and General Construction IPO Result 2079 | Check Release Date | Share Market: Rapti Hydro & General Construction Ltd (RHGCL), is a public company incorporated on Kartik 5, 2065 (October 21, 2008) as per Companies Acts 2063, Nepal with the objective to develop and invest in hydropower projects. It is currently developing 5 MW Rukum Gad Hydropower Project in Rukum East District and owns its Electricity generation license. The Project is located at Sisne and Bhume Gaunpalika of Rukum East District. Its registered office is located at Kathmandu-11, Bluestar Complex, Tripureshor.
Rapti Hydro and General Construction IPO Result 2079
You can check result of the Rapti Hydro and General Construction IPO result from the legit website after the end result is published. Accomply with these steps to test the Rapti Hydro and General Construction IPO result online. Rapti Hydro and General Construction IPO check result online.
- Click on the above button to visit the official website
- Select Rapti Hydro and General Construction from the select company drop-down input field.
- Enter your demat number in the 16-Digit BOID input field.
- Click on the “Check Result Now” Button.
Click above to check the result of Rapti Hydro and General Construction IPO Result.
|Rapti Hydro and General Construction IPO Result 2079||In 2nd or 3rd week after the ipo issue closing date|
ICRA Nepal has assigned the issuer rating of [ICRANP-IR] B+ (pronounced ICRA NP issuer rating B plus) to Rapti Hydro and General Construction Limited (RHGCL). Companies with this grading are considered to have high risk of default regarding timely servicing of financial obligations.
Ipo Issue Details
|Name Of the Company||Rapti Hydro and General Construction|
|IPO Issue Date||2022-07-13|
|IPO Close Date||2022-07-17|
|Number of Total IPO||2,176,940 Units|
|Issue Manager/ Sales Manager||SIDDHARTHA CAPITAL LIMITED.|
|Share Type||Ordinary Shares|
Rapti Hydro and General Construction Limited (RHGCL) is issuing 23,66,240 units of Rs 100 face value of total worth Rs. 23.66 crore as Initial Public Offering to the general public from today i.e. (Ashad 29, 2079). The early closing date of this issue is on Shrawan 01 and if the issue is not fully subscribed then it can be extended up to Shrawan 11, 2079.
Out of the total 23,66,240 units; 3% of the total offered shares i.e. 70,988 units have been set aside for the employees of the company and 5% of the total offered shares i.e. 1,18,312 units have been set aside for the mutual funds. The remaining 21,76,940 units are for the general public. The paid up capital of the company will reach to Rs. 61.27 Crores after the IPO issuance.
Earlier, the company had issued 6,12,793 unit IPO shares which is 10% of the issued capital of Rs 6.12 crore to the project-affected locals of Rukum (Eastern and Western districts) from 24th Jestha to Ashad 10, 2079. However, only 5,75,170 units or 93.86% of the total issue have been allotted to the valid applicants.
Thus, remaining 37,623 units unsubscribed shares are added to 23,28,617 units (which is 38% shares reserved for the general public) to make a total of 23,66,240 units for the general public. Overall, 52% shares are of the promoter shareholders in the company.
Siddhartha Capital Limited has been appointed as the issue manager for the IPO issuance. Applications can be placed for a minimum of 10 units and a maximum of 21,00,000 units.