Green Ventures Limited is going to open the issue and sale of ordinary shares (IPO) from March 25.The company is going to issue 3.125 million ordinary shares with a face value of Rs 100 per share. Out of which 3 percent or 93,750 shares have been reserved for employees and 5 percent or 156,250 shares will be distributed for collective investment funds. The general public will be able to apply for the remaining 2.875 million shares.
Applications for the company’s IPO will be completed as soon as possible from March 26 to March 25. If the application is not received as per the demand in that period, the sale will be open till April 6.
Interested investors can apply for IPO from all C-ASWA member banks and financial institutions and their branch offices approved by the Nepal Securities Board. You can also apply from My Share app.
Investors will have to apply for a minimum of 10 lots of shares and a maximum of 50,000 lotsLakshmi Capital Market Limited is the manager of the share issue and sale of the company.
Care Rating Nepal has given Care NP Double B IS rating to the company in the rating given for IPO issue. This indicates a moderate risk in the company’s ability to bear responsibility.