Last Day to Apply for Locals IPO of Green Ventures Limited

Green Ventures Limited is closing the IPO issue for locals today, i.e. Falgun 20. Collection centers will stop taking applications at the end of banking hours.

The company has been issuing 31,25,000 units of ordinary shares worth Rs. 31.25 crores to the project affected locals from Falgun 02, 2078. The early closing date of this IPO issue was on Falgun 16, 2078. Since the issue wasn't fully subscribed by then, the deadline was extended.

Applications can be placed for a minimum of 10 units to a maximum of 50,000 units. According to CDSC, 6,414 applicants have applied for a total of 31,30,860 shares. This is the data as of 10: 05 am today. Thus, the issue has been oversubscribed already by a small fraction.

Laxmi Capital Market Limited has been appointed the issue manager. CARE Ratings Nepal Limited (CRNL) has rated [CARE-NP BB(Is) [Double B (Issuer Rating)] indicating a moderate risk of default regarding timely servicing of financial obligations.

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