First Business News Portal in English from Nepal
KATHMANDU: 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.
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