Monday, March 29, 2021

Save money to invest: Ruru Hydropower's IPO coming to market on April 4

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Ruru Hydropower Project Limited is going to open the issuance and sale of ordinary shares (IPO) to the public from Friday, April 4. Earlier, in the first phase, the company had issued and sold a total of 47,705 ordinary shares (IPOs) for the locals of the project-affected areas at a face value of Rs. Now, in the second phase, by issuing a premium of Rs. Of which, 2 percent or 8,154 lots have been allocated for employees, 5 percent or 20,385 lots for collective investment funds, and the remaining 379,167 lots for general investors.


 Investors will be able to apply for a minimum of 10 lots and a maximum of the entire lot in the IPO, which will be launched on Friday, April 6, at the earliest. Similarly, NMB Capital Limited has acted as the issue and sale manager in the company's IPO.



 
 Investors will be able to apply from participating banks and financial institutions and their branch offices for all C-ASWA services approved by NMB Capital Limited, Ruru Hydropower Project Limited and Nepal Securities Board. They can also apply through the Mero Share.

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