Green Life IPO
Green Life Hydropower Company is going to issue an IPO worth Rs. 350 million from January 8 Friday (Magh 23). Green Life IPO is going to issue 34,96,400 IPOs at the rate of Rs 100 per share, equivalent to Rs 349.64 million.
Out of this, 69,928 shares have been allotted to the employees of the company and 1,74,820 shares to the collective investment fund. The general public will be able to apply for the remaining 32,51,652 shares.
In the first phase, in Falgun 2075, the company had issued IPOs worth Rs 18 crore (18 lakhs lots) for the local people in Dolakha. Out of this, only 1 lakh 3 thousand 600 lots were sold. With the remaining 16 lakh 96 thousand 400 lots, 34 lakh 96 thousand 400 IPOs are about to be issued.
Applications for the company’s IPO will be available till January 10. If all the IPOs are not sold by that time, applications can be submitted till Falgun 7. Investors will be able to apply for a minimum of 10 lots and a maximum of 100,000 lots in the IPO.
The company’s IPO has been given a ‘Care NPB Plus (IS)’ rating by rating agency Care Rating Nepal. This indicates that the company’s financial obligations are below average. The issue and sale manager of the company is BOK Capital Limited.