IPO allotment of Greenlife Hydropower Limited concludes; lucky 3,25,165 investors get 10 units each

The IPO allotment of Greenlife Hydropower Limited is concluded today at the premises of BOK Capital Market Limited. 

Greenlife Hydropower Limited has issued 4,96,400 units worth Rs 34.96 crore as Initial Public Offering to the general public from (Mangsir 23- Magh 27, 2077). 

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 issue had 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.

IPO Allotment Module:

325165 Invester got 10 units each and 2 ivestor got additional 1 unit.

Source : BOK Capital Ltd

Read also | Ru Ru Jalbidhyut Pariyojana Limited is issuing its 4,07,705 unit IPO shares to the project-affected locals of Gulmi District from today
Read also | Mahila Laghubitta Bittiya Sanstha Limited closes its IPO issue today

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.

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. 

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

To check IPO Result:
1. Official site of BOK Capital Market Ltd
2. Mero Share Web/Mobile App
3. Share Sansar IPO/FPO Result Page
4. Nepali Paisa IPO/FPO Result Page
5. Mero Lagani IPO/FPO Result Page
6. BizPati IPO/FPO Result Page