Padmashree College
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Green Ventures Limited IPO Date from Chaitra 8 (Total 2.87 Million Shares)

News 14 Mar 2022 3493 0

Green Ventures Limited IPO Date

Green Ventures Limited is going to open the IPO issue and sale from March 22, 2022 (2078 Chaitra 8). The company is going to issue 3.125 million ordinary shares with a face value of Rs 100 per share. Out of the total shares to be issued, 3 percent or 93,750 shares have been reserved for the employees, and 5 percent i.e. 1 lakh 56 thousand 250 shares will be distributed for mutual investment funds. The general public will be able to apply for the remaining 2.87 million shares.

The IPO issue will be closed on 25th March 2022 (Chaitra 11, 2078) at the earliest and closed on 5th April 2022 (Chaitra 22, 2078) at the latest. Applications for the IPO can be submitted by all C-ASWA member banks and financial institutions and their branch offices approved by the Nepal Securities Board.

The issue and sale manager of the company is Lakshmi Capital Market Limited. Investors will have to apply for a minimum of 10 units of shares and a maximum of 50,000 units.

are Rating Nepal has given CARE-NP BB (Is) to the company in the rating given for IPO issue. This indicates a moderate risk in the company's ability to bear responsibility.