Greenlife Hydropower Limited IPO Result Published:
The IPO sold by Greenlife Hydropower Limited to the public has been allotted on Friday, Falgun 7, 2077. According to sales manager BOK Capital, the publicly traded IPO was distributed at the company's office today.
BOK Capital has stated that out of the total investors who have applied, 325,165 have been allotted at the rate of 10 shares per person. According to BOK Capital, the remaining 2 shares have been distributed to two investors at the rate of 1 share per person. That is, 3 lakh 25 thousand 163 applicants have received 10 shares while 2 have received 11 shares.
325,165 have been allotted at the rate of 10 shares per person and 2 persons got 11 shares each.
In the IPO of Hydropower, 1,322,971 applicants had applied for the purchase of 2,26,91,490 shares. This is 6.98 times more than the IPO sold by the company.
As there were more applications than the demand, the shares were distributed at the rate of at least 10 shares from the round as per the Securities Issuance and Distribution Directive.
Greenlife Hydropower had issued 1.8 million shares with a face value of Rs 100 per share and 1,686,400 unsold shares to the locals from Magh 23, 2077 to Magh 27, bringing a total of 34.96 million shares to ordinary shares.
Out of that, 174,820 shares have been distributed for collective investment funds and 69,928 shares for employees. Out of that, the remaining 32 lakh 51 thousand 652 shares were allotted to the public.
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