River Falls Power Limited (RFPL) had issued 27,30,000 units shares worth Rs 27.30 crore of ordinary shares to the general public as a part of their Initial Public Offering (IPO) from Baisakh 28 till Jestha 04, 2079.
According data presented by CDSC, 18,50,277 applicants have applied for a total of 2,12,59,570 units worth Rs. 2.12 Arba. Thus, the IPO was oversubscribed by more than 8.37 times in terms of number of units through ordinary applicants as of the closing day. This is the data as of 10 AM today.
Out of offered 27,30,000 units; 2% or 54,600 units, were allocated to employees, while another 5% i.e 1,36,500 units were for the mutual funds. The remaining 25,38,900 units were for general public. Interested…
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