Green Ventures Limited To Issue 31,25,000 IPO Shares
Green Ventures Limited to Issue 31,25,000 IPO Shares
Green Ventures Limited is going to issue 31,25,000 unit shares via an Initial Public Offering (IPO). According to the company, the IPO of green ventures will open on 8th Chaitra and close on 11th Chaitra, 2078. If not subscribed by the early closing date, the deadline of the IPO will be extended till 22nd Chaitra but like the IPO, this IPO will also have massive applications. Laxmi capital is the issue manager for the Green Ventures Limited IPO.
93,750 units have been allocated for employees while 1,56,250 units have been allocated for mutual funds. 28,75,000 shares are allocated for the individual public. Green Ventures Ltd (GVL) was incorporated on December 7, 2004, as a private limited company. Green ventures turned itself into a public company on February 25, 2019.
Green Ventures Limited has developed a 52.4 MW run-of-river, Likhu-4 Hydropower Project (L4HP) in Okhaldhunga and the Ramechhap district of Nepal.
Major shareholders of the company are:
- Mr. Govinda Lal Sanghai (~11%)
- Mr. Birendra Kumar Sanghai (~10%)
- Mr. Nitesh Agrawal (~10%)
- Mr. Ramchandra Sanghai (~8%)
- Mr. Aditya Sanghai (~7%).
CARE Ratings Nepal Limited (CRNL) has rated [CARE-NP BB(Is) [Double B (Issuer Rating)]
