IPO sale of Green Life Hydropower is open, how many applications?

 The issuance and sale of ordinary shares (IPO) of Green Life Hydropower Company Limited is open from today (Friday, January 8). The company has issued and sold 34,96,400 ordinary shares (IPOs) at a face value of Rs 100 per share, equivalent to Rs 349.64 million. Out of which, 174,820 shares are to be issued for collective investment funds, 69,928 shares for employees and the remaining 32,51,652 shares for the general public.

Investors will be able to apply for a minimum of 10 lots and a maximum of 100,000 lots from today (Friday, January 23) to the earliest on January 10 and at the latest on March 20. BOK Capital Market Limited will act as the issue and sale manager to make the ordinary shares of the company public. Care Rating Nepal has given the company a 'Care NPB Plus (IS)' rating. This indicates that there is a high risk in fulfilling financial obligations on time.