The IPO proposal of Rapti Hydro & General Construction Limited (RHGCL) is in SEBON's pipeline. The application was submitted on Bhadra 08.
The company has proposed to issue 29,41,410 shares. Muktinath Capital has been appointed the issue manager for the issue.
Rapti Hydro & General Construction Limited is a public company incorporated on Kartik 5, 2065 (October 21, 2008) as per Companies Acts 2063, Nepal with the objective to develop and invest in hydropower projects. It is currently developing a 5 MW Rukum Gad Hydropower Project in Rukum East District and owns its Electricity generation license. The Project is located at Sisne and Bhume Gaunpalika of Rukum East District. Its registered office is located at Kathmandu-11, Bluestar Complex, Tripureshor.