IPO Shares of Green Ventures (GVL) Listed, This is the Opening Range

3,12,50,000 unit IPO shares of Green Ventures Limited (GVL) have been listed in NEPSE.

Green Ventures Limited had issued 31,25,000 units worth Rs. 31.25 crore as Initial Public Offering to the general public from (Chaitra 08-11, 2078). 31,25,000 shares were issued at a par value of Rs. 100 per unit. 3% of the total issue, i.e. 93,750 units were allocated for employees while 5%, i.e. 1,56,250 units for mutual funds. The rest 28,75,000 shares were for the individual public.

The issue had received applications from 21,06,516 valid applicants who had applied for a total of 2,42,77,000 units. The issue was oversubscribed more than 8.44 times. As per the allotment module, a total of 2,87,500 applicants were allotted 10 units each via lottery, and the remaining 18,19,016 applicants returned empty handed. A total of 93,750 units were allotted to the staff of the company and 1,56,250 units were allotted to mutual funds.

The Open Price Range is set as Rs. 91.86 to Rs. 275.58 for the first transaction. If the first transaction can happen at this range, the shares can be traded from tomorrow itself.