Green life Hydropower limited to issue initial public offering (IPO) for locals of projected affected areas from 22 Magh 2075. The issue will be open till 07 Falgun 2075.
The company will be issuing 10% or 18,00,000 units of IPO shares to locals of Dolakha District.
The company had allocated IPO into 3 Category. For Category A 30% or 5,40,000 units of locals of Gaurikshankar rural municipality -07, Marwbu. For Category B 40% or 7.20,000 units for locals of Gaurikshankar rural municipality -05, Suri, 6,Chankhu, 8 Khare & 9 Gaurishankar rural municipality. For category C 30% or 5,40,000 units for locals of Gaurikshankar rural municipality -1, 2,Jugu, 3, 4, Jhyaku and Bigu Rural Municipality -04,Laduk.
Locals can apply for minimum 20 units & maximum 9,000 units.
Kathmandu Capital Markets Limited has been appointed as issue manager for IPO.
Interested locals can apply from project office of green life hydropower, Century bank – Sigati & Charikot branch, Prime Bank – Jiri & Baiteshwor branch.
It is developing 40MW Khanikhola-1 project at Dolakha District.
Currently, promoters are holding 80% or 1.44 arba ownership.
Caring Rating Nepal has assigned “CARE-NP IPO GRADE 4” for the issue.
