Six Times More Applications for IPO of Greenlife Hydropower Limited (GLHL):
Greenlife Hydropower Limited (GLHL) has received six times more applications for the IPO by Monday evening. According to BOK Capital, the company's share issue and sale manager, 1,091,251 applicants have applied for the purchase of 198,061,710 shares in the company's IPO till Monday evening.
This is 6.1 times more than the IPO that the company has sold to the public. Greenlife Hydropower had issued 3,496,400 ordinary shares with a face value of Rs 100 per share since Magh 23.
Out of that, 174,820 shares have been distributed for collective investment funds and 69,928 shares have been distributed for employees. The general public will be able to apply for the remaining 3.251 million 652 shares.
At the rate of Rs. 100 per share in the company's IPO, applications can be made for a minimum of 10 shares and for a maximum of 100,000 shares.
IPO