Greenlife Hydropower issuing 34.96 lakh units IPO share to general public from Magh 23

Greenlife Hydropower Limited will be issuing 34,96,400 units worth Rs 34.96 crore as Initial Public Offering to the general public from Magh 23, 2077. 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.

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. 

The applicants can apply for a minimum of 10 units and a maximum of 1,00,000 units

The hydropower company has been operating Khani Khola 1 Hydropower Project in Marbu VDC of Dolakha District.

Currently, the paid-up capital of the hydropower company stands at Rs 1.44 arba which will reach Rs 1.80 arba after issuance of IPO to both locals and the general public. 

Click here for Offer Letter: