Rairang Hydropower’s IPO collects 17.52 times of the required amount; Application received from more than 1.73 lakh applicants

Fri, May 18, 2018 7:18 AM on IPO/FPO News, Latest, Stock Market,

Rairang Hydropower Development Company,s IPO issuance has garnered Rs 1.33 arba collection from 1,73,196 applicants. As per the official of NIBL Ace Capital, the data has not been completely verified and the provided data is the verified data upto 10 AM today.

About 17.52 times of the required amount has been collected from the applicants.

From the total of 8,40,000 units, 33,600 units or 4% is separated for the employees of Rairang and 42,000 units or 5% is separated for the Mutual Funds. The remaining 91% is open for general public.

The hydropower company had issued IPO from Baisakh 31 till Jestha 03, 2075.

The allotment date of the shares will be confirmed after all the data are verified.