Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Greenlife Hydropower Limited is opening the issue of 34,96,400 units worth Rs 340 million as Initial Public Offering to the general public from today.
The early closing date of this issue is on Magh 27 and if the issue is not fully subscribed till Magh 27, then it can be extended up to Falgun 7, 2077.
Greenlife Hydropower Limited had closed its IPO issue of 1,800,000 units of shares for the locals of Dolkha district on Falgun 27, 2075. This IPO issue had opened on Magh 22, 2075. 94% of the shares meant for locals were left unsubscribed. All the 1,216 applicants were allotted a total of 103,600 units of shares. Thus, the remaining 16,96,400 shares are also included in the 34,96,400 unit shares about to be open for application by the general public.
Out of the offered 34,96,400 units; 69,928 units have been set aside for the employees of the company and 1,74,820 units have been set aside for the mutual funds. The remaining 32,51,652 units are for the general public.
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