Another IPO Approved: Greenlife Hydropower Limited to Issue 34,96,400 Shares to the Public

SEBON has approved the IPO issue of Greenlife Hydropower Limited for the general public. A total of 34,96,400 shares will now be open for application by the general public.

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.

The amount raised by 34,96,400 shares approved for IPO to be issued to the general public makes up 19.42% of the issued capital. 80% of the issued capital is contributed by promoters of the company. The remaining 0.58% of the issued capital was subscribed by the locals of the area in the previous IPO for locals.

BOK Capital is the issue manager for this IPO issue. SEBON has already given approval on Magh 02 but the date of the IPO hasn't been declared yet.