Upcoming IPO - Green Life Hydropower Limited 3.5 Million Shares:
Green Life Hydropower Limited is going to bring about 3.5 million IPO lots for sale, including those not bought by the locals. Hydropower has appointed Sanima Capital Limited as the sales manager to sell the IPO (Initial Public Offering).
Green Life Hydropower is going to sell a total of 34,96,400 ordinary shares, including 1,696,400 shares not bought by the locals. In the collective investment fund, the remaining shares will be sold to the public after separating the employees.
The Securities Board of Nepal (SEBON) has received approval on Magh 4 to issue an IPO to the public. The company plans to open the sale of the shares to the public from the third week of Magh, 2077, said Sanima Capital, sales manager.
Company Profile:
Pursuant to the Green Life Hydropower Limited Companies Act, 2063, the company has been registered as Green Life Energy Pvt. Ltd. in the Office of the Registrar of Companies, Ministry of Industry on 4th Ashwin, 2066 BS and has become a public limited company since 9th Ashad, 2074 BS.
The company plans to start commercial production of electricity from Baishakh 2078 BS as per the objective of generating 40 MW of electricity by constructing water mixing projects of Khanikhola, Hanapu Khola, and Napke Khola flowing in Gaurishankar Gaonpalika (then Khare and Marbu VDC) of Dolakha District.
