When is Green Life Hydropower IPO listed ? Price Range ?

Tutor Chetan

Green Life Hydropower

IPO Listed Details


The ordinary shares (IPO) of Green Life Hydropower Company Limited will be listed on the Nepal Stock Exchange (NEPSE) within this week. According to share registered Sanima Capital Limited, the shares have been sent to NEPSE for listing.

1,80,00,000 unit shares of Green Life Hydropower Limited (GLH) are now listed in NEPSE. This includes the promoter shares and the shares issued to the public via the company's IPO.

The IPO allotment of Greenlife Hydropower Limited recently concluded. Greenlife Hydropower Limited issued 4,96,400 units worth Rs 34.96 crore as Initial Public Offering to the general public from (Magh 23- Magh 27, 2077).

Out of the offered 34,96,400 units; 69,928 units were set aside for the employees of the company and 1,74,820 units for mutual funds. The remaining 32,51,652 units were for the general public.

The issue received applications from 13,19,059 valid applicants who had applied for a total of 2,26,33,170 units. The issue was oversubscribed more than 6.98 times. As per the allotment module, a total of 3,25,165 applicants were allotted 10 units each via lottery and lucky 2 investors get 1 unit extra, and the remaining 9,93,894 applicants were returned empty hands. A total of 69,928 units were allotted to the staff of the company and 1,74,820 units allotted to mutual funds. In total 3,912 applicants who applied for 58,320 units were disqualified.

The shares of Greenlife Hydropower are already deposited to the allottee's Demat accounts. The opening range for the first transaction is set from Rs. 99.67 to Rs. 299.01. If the first transaction happens in the pre-market session tomorrow, the shares will trade in the market session from tomorrow itself.

#Source: Arthasansar

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