Ru Ru Jalbidhyut IPO Result

Ru Ru Jalbidhyut IPO result has been published by the Sales manager NMB Capital Limited. Investors can check/view the IPO result and allotment status through an online portal.

The share allotment status for the initial public offering of Ru Ru Jalbidhyut IPO has now available for investors according to the website of issue manager Meroshare technologies.

Ru Ru Jalbidhyut IPO Result

According to the IPO prospectus, the refund process of Ru Ru Jalbidhyutt will begin within two days after the share allotment. The credit of Ru Ru Jalbidhyut IPO result shares to Demat accounts will be done within five days, and the stock is likely to be listed by the Monday.

Investors can check the website of the issuing registrar, MeroShare Technologies, to see if they have received the Ru Ru Jalbidhyut IPO Result shares of the company they applied for.

The website of the registrar will seek certain information. On the page for allotment status, investors can use their application DEMAT or BOID number to check their allotment status.

How to Check IPO Result of Ru Ru Jalbidhyut

You can view Ru Ru Jalbidhyut’s IPO result on the MeroShare website by going to the application report and entering your Demat number or BOID number. Here is how you can check the share allocation status.

Step 1: To get allotment status for Ru Ru Jalbidhyut IPO, go to Meroshare’s website at www.iporesult.cdsc.com.np.
Step 2: On MeroShare, select and then from the dropdown, select ‘Ru Ru Jalbidhyut IPO result
Step 3: Enter your BOID or DMAT number and any other required details.
Step 4: You will see allotment status where the share is allotted or not marked question on the screen.

Please note the details will only be available once the shares are allotted.

As there are more applications than demand in the IPO, Ru Ru Jalbidhyut IPO result will be distributed by round-robin. While distributing through round-robin, 37909 applicants will receive shares at the rate of 10 units and the seven applicants will receive remaining 77 shares at the rate of 11 units.

Alternative website to check Ru Ru Jalbidhyut IPO result

You can also visit the registrar website (NMB capital website) to check your allotment status.

  • Visit the issuer website NMB Capital Limited https://www.nmbcl.com.np/
  • Click on ‘Select company’ and click on ‘Ru Ru Jalbidhyut hydropower IPO result‘. It will only appear after the allotment of shares.
  • Once the company is selected, you will have to enter either your Demat number, the application number.
  • Enter the captcha and click ‘submit’.

Once you click ‘submit’, the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

The registrar is a Sebi-registered entity that electronically processes all applications and carries out the allotment process as per the prospectus.

According to Ru Ru Jalbidhyut hydropower Manager, Ru Ru Jalbidhyut IPO result can be viewed from Of CDSC’s MeroShare website https://meroshare.cdsc.com.np/ and Investors can also check their allotment status for the IPO on the website of RuRu Jalbidhyut website.

It is responsible for complying with the timelines for updating the electronic credit of shares to successful applicants, dispatch and uploading of refunds, and attending to all investor-related queries after the issue is completed.

The Ru Ru Hydropower IPO drew a strong response from investors last week as it was oversubscribed several times with retail and high net-worth individuals driving the interest. The company issued 4,07,706 unit shares to the general public at Rs 120 per share including Rs 20 as a premium amount.

8154 units from the issue have been reserved for employees of the company, and 20,385 units for mutual funds. The remaining 3,79,167 units are for individual investors only. Individual investors may apply for a minimum of 10 units and a maximum of 3,79,167 units.

According to the MeroShare, 16,69,019 applicants have applied for a total of 2,33,90,090 shares. Thus, the issue is oversubscribed over 61.68 times in terms of the number of shares. The issue is also oversubscribed in terms of the number of applicants given that only 37,916 applicants will get 10 shares each.

Earlier, in the first phase, the company has issued and distributed a total of 47,705 ordinary shares at the face value of Rs. 4,07,70,705.

About Ru Ru Jalbidhyut

Ru Ru Jalbidhyut Pariyojana Limited (RJPL) is a leading hydropower development company limited in Nepal with diverse and experienced professionals. It was incorporated on March 22, 2006, as a private company which was later converted into a public limited company on July 23, 2015.

Ru Ru Jalbidhyut Pariyojana Limited is mainly focused on hydropower development and consulting business and has been successfully instigating various projects. It operates a 5 MW project named Upper Hugdi Khola Hydropower Project located in Gulmi district of Province-5 of Nepal. The project came into operation on March-23, 2015.

The company has given a red rating from ICRA Nepal for public issue. ICRA Nepal has given the IPO an ‘ICRA NP IR Triple B’ rating. This rating indicates that the company is moderately secure in fulfilling its financial obligations on time. The issue and sale manager of the company is NMB Capital Limited. After the IPO sale, the company’s paid-up capital will reach Rs 407.7 million.

Credit Strengths:

  • Improving generation trend
  • Low project development cost to support profitability and return parameters
  • Low tariff risk, given long-term PPA at predetermined tariffs and escalations
  • Experienced promoters and management team

Credit Challenges

  • Exposure to interest rate volatility and rising operating costs amid fixed tariff structure
  • High hydrology risk, given lack of deemed generation clause in PPA.

Ru Ru Jalbidhyut hydropower has made future plans and strategies to grow its business and services. The main objective of the company is to establish itself as a leading company in the development of Jalbhidhyut in Nepal.

The cost of the project is less than Rs 150 million per MW. At present, the average cost per megawatt of hydropower projects to be constructed by the private sector is around Rs. 200 million.

The total cost of the 5 MW Ruru project is Rs. 745 million. It has 63 percent loan and 37 percent share capital.
The project, which generates 28.2 million units of electricity annually and sells it for Rs. 155.5 million, has been making a net profit of around Rs. 60 million annually.

Ruru Hydropower has also repaid more than half of the loan taken for the construction of the project. The company’s main promoters include Bharat Prasad Nepal (15 percent share) and other technicians and engineers. After the allotment of IPO, the founders will have 80 percent and the general public will have 20 percent share capital.

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