Green Venture issuing IPO from March 22

KATHMANDU, MARCH 15 : Green Ventures Limited has announced that it come up with Initilal Public Offerings (IPO) from March 22. The company will be issuing 31,00,000 units of share worth Rs  31 crore 25 lakh 

Among the total number of shares, 1,056,250 units i.e 5 percent  is set for th Citizen Investment Fund, 93,750 i.e 3 percent for the company employees  and the remaining 28,75,000 for general public.  From March 22 to 25, the interested individuals can apply   to buy 10,000 in minimum to  50,000 units of shares in maximum. If no suffcient number of pubic subcribe for stocks with this period,  the very timeline will be extended till April 5.

The authorised capital of Green Ventures Limited  stands at Rs 5 arab while its issued capital is calculated at Rs 3 arab 12 crore. Similrly, the company has the paid-up capital amounting to Rs 2 arab 50 crore. 

The company is currently constructing the Likhu-IV Hydroelectric Project, located on the boundary of Okhaldhunga and Ramechhap districts. The project is planned as a run-of-river scheme with an installed capacity of 52.4MW.