IPO of Rairang Hydropower Commencing from today !!!

Public issue of Rairang Hydropower is commening from today.

The issue will close on 3rd Jestha, if early. The issue can extend upto 29th Jestha in worse case. Rairang Hydropower will float 8.4 lakh unit shares at a face value of Rs 100. 

Out of the total issue units, 33,600 has been set aside for employees whereas 42000 units for mutual funds. Thus, 7,64,400 units will be available for general public. The issued amount will be 15% of the total capital. NIBL ACE Capital has been appointed as the issue manager for the issue.  

Rairang Hydropower Development company had previously issued shares, amounting 10% of the capital, to the locals of panchthar and taplejung district.