Green Ventures is releasing 3.12 million initial public offerings (IPO) lots

Green Ventures is releasing 3.12 million initial public offerings (IPO) lots

By Karuna Thapa

Kathmandu, March 14

Green ventures limited are issuing 3.125 million primary shares (IPO). A total of 31.25 lakh IPOs having a face value of Rs. 100 would be issued by the firm from March 22 to March 25. Laxmi Capital Market Limited has been designated as the share issue’s sales manager.

According to the corporation, 5 percent of the total 31.25 million shares would be reserved for collective investment funds (156,250 shares), 3 percent (93,750 shares) for workers, and the remaining 2.875 million shares will be offered to the public.

Interested investors will be allowed to apply for a minimum of 10 lots and a maximum of 50,000 lots of the company’s shares.

The Likhu 4 Hydropower Project, with a total capacity of 52.4 MW, is currently being built by the business in Wards 1 and 3 of Khijidemba Municipality in Okhaldhunga District and Ward 7 of Umakunda Municipality in Ramechhap District. The project’s entire anticipated cost is Rs. 12.08 billion, according to the business.

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