Recent Upcoming IPO issue of Green Ventures Limited - Updated Date Fixed
Recent upcoming IPO issue of Green Ventures Limited - Updated Date Fixed
About IPO Issue of Green
Ventures Limited (GVL):
The distribution of
ordinary shares (IPO) issued by Green Ventures Limited to the public will open
this Tuesday ie; 08 Chaitra, 2078. Laxmi Capital Market Limited, the sales
manager of the company's share issue, has informed that the IPO, which will be
opened from 2022 March 22 to 25. If fully subscribed, the IPO will close
on Chaitra 11, 2078 BS. However, if it remains under-subscribed until that
period, the deadline for application will extend until Chaitra 22, 2078 BS.
 |
| Green Ventures Ltd IPO Result and IPO Issue |
Out of the total
31,25,000 shares, 93,750 units are reserved for the employees of the company.
Likewise, 1,56,250 units are allotted to the mutual fund schemes. Hence, the
general public will participate in the remaining 28,75,000 shares. Interested
investors can apply for a minimum of 10 shares and a maximum of 50,000 shares.
 |
| CARE Rating of Green Ventures Limited |
Tip: Make sure that enough balance is in your C-ASBA
Bank account before apply IPO. Some bank take charges per share
application. Know
C-ASBA charge of banks
How to check Green
Venture’s IPO allotments result?
The Green Ventures
Limited IPO Result will be published within 10 days of last date of IPO issue
closed. There are few resources to check IPO result which are as given below
link description:
1.
CDSC
IPO Result Click to get result
2.
Company
website Clickto get result
3.
Issue
manager website Clickto get result
Tip: You can see IPO result of Emerging Nepal Limited
from MeroShare too but will take half and a day Click
Here
About Company:
Green Ventures Ltd is a public
company in hydropower sector currently developing the Likhu-IV Hydroelectric
Project. The project is planned as a run-of-river scheme with an installed
capacity of 52.4 MW. The project is located on the boundary of the Okhaldhunga
and Ramechhap districts, most of the project structures are positioned on the
left bank of the Likhu River.
The company's
board of directors consists of veteran entrepreneurs and businesspeople of
Nepal who are associated with the country's renowned enterprises such as NIC
Asia Bank, Surya Life Insurance, Nepal Life Insurance, NIFRA, Vishal Group, and
many others.
Green Ventures
Ltd is issuing 6,250,000 units of ordinary shares worth Rs. 62.5 crores to the
general public. Laxmi Capital Market Limited has been appointed as the issue
manager for the IPO issuance. Likewise, the company has appointed Citizens
Investment Trust (CIT) as the underwriting in the public offering. The opening
date of the IPO issue will be declared later on
Green Ventures Ltd (GVL) is a public company, incorporated on
December 7, 2004, as a private limited company, later on, February 25, 2019, it
was converted to a public limited company. The company has developed a 52.4 MW
run-of-river, Likhu-4 Hydropower Project (L4HP) in Okhaldhunga and the
Ramechhap district of Nepal. As per the Generation License, from the Government
of Nepal – Ministry of Energy, obtained on March 11, 2012, the project shall be
handed, on whatever conditions the project is, to the Government of Nepal after
the expiry of the Generation License, which is 35 years. As of May 31, 2020, a
major shareholders of the company are Mr. Govinda Lal Sanghai (~11%), Mr.
Birendra Kumar Sanghai (~10%), Mr. Nitesh Agrawal (~10%) Mr. Ramchandra Sanghai
(~8%), and Mr. Aditya Sanghai (~7%).
Green Ventures Limited
Company IPO Share Structures:
|
IPO Issue Date |
If fully subscribed 07 Chaitra to 11 Chaitra, 2078 or If under-subscribed will close on 20 Chaitra, 2078 |
|
|
IPO Result Date |
||
Tip: You can see IPO result
of Samling Power Company Ltd Click Here
Contact Address:
Green
Ventures Limited
Location:
Triveni Complex Putalisadak, Kathmandu-28
Phone:
+ 9771 - 5342317
Email:
frontdesk@trivenihydro.com
Registration
No. 209808/075/076
PAN
No. 302101715
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