KATHMANDU, MAY 23

River Falls Power Limited (RFPL) has concluded its IPO allottment on Monday.

According to the allotment module, a total of 2,53,890 lucky applicants were allotted 10 units each through lottery.

Meanwhile, the remaining 15,51,550 applicants unfortunately remained empty-handed.

Earlier, RFPL had issued 27,30,000 unit shares as Initial Public Offering for subscription by the general public from Baisakh 28 to Jestha 4, 2078 (i.e. May 11-May 18, 2022).

The IPO generated a revenue worth Rs 27.30 crore as the price of each share was set at Rs 100.

Among the 27,30,000 issued share units; 2 per cent of the total offered shares i.e. 54,600 units had been set aside for the employees of the company.

Similarly, 5 per cent of the total offered shares i.e. 1,36,500 units were allocated for the mutual funds while the remaining 25,38,900 unit shares were for the general public to subscribe.

The issue had entertained applications from 18,05,440 valid applicants who had applied for a total of 2,01,95,910 unit shares, which indicates that the issue was oversubscribed more than 7.95 times.

The IPO result can be accessed by CDSC IPO Result, Prabhu Capital, and MeroShare.