Stock market

Green Ventures Ltd (GVL) IPO

Green Ventures Ltd (GVL)

Incorporated as a private limited company on December 7, 2004, Green Ventures Ltd (GVL) converted to a public limited company on February 25, 2019. Likhu-4 Hydropower Project (L4HP) is a 52.4 MW run-of-river project in Okhaldhunga and the Ramechhap district of Nepal. According to the Generation License obtained on March 11, 2012, from the Government of Nepal – Ministry of Energy, the project will be turned over to the Government of Nepal after the Generation License expires, which is 35 years. The major shareholders of the company as of May 31, 2020 are Mr. Govinda Lal Sanghai (*11%), Mr. Birendra Kumar Sanghai (*10%), Mr. Nitesh Agrawal (*10%), Mr. Ramchandra Sanghai (~8%), and Mr. Aditya Sanghai (~7%).

From Falgun 02, 2078, Green Ventures Limited will issue 3,125,000 ordinary shares worth Rs. 31.25 crores to the project affected locals. On Falgun 16, 2078, this IPO issue will close early. The issue will be extended up to Chaitra 01, 2078 if it is not fully subscribed by Falgun 16, 2078.

The minimum amount of applications is 10 units, and the maximum amount is 50,000 units.

The issue manager has been appointed as Laxmi Capital Market Limited.

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