Green Ventures Limited's initial public offering (IPO) will take place this coming Sunday, Chaitra 20. The program will begin at 8:30 a.m. that day at the issue manager's office, Laxmi Capital.
On the 8th Chaitra, the company launched an initial public offering (IPO) for 31,25,000 unit shares. Because it was oversubscribed on the first day, the offering was closed early on the 11th Chaitra, 2078.
A total of 31,25,000 shares were issued, each with a par value of Rs. 100. Employees were assigned 3% of the overall offer, or 93,750 units, while mutual funds received 5%, or 1,56,250 units. The remaining 28,75,000 shares are reserved for the general public.
According to the CDSC, a total of 2,43,51,880 units have been applied for by 21,11,649 applicants. As a result, the issue was oversubscribed by 8.47 times.
Only 2,87,500 people will be given ten shares apiece. Given the amount of applicants, it is clear that only one out of every seven will receive ten shares.
The issue was rated [CARE-NP BB(Is) [Double B (Issuer Rating)] by CARE Ratings Nepal Limited (CRNL), indicating a moderate risk of default in terms of timely servicing of financial obligations.
In mero share, you will need to enter your 16 digit BOID and select the company NESDO SAMBRIDHA LAGUBHITTA by which you will know whether you are alloted or not.
The other way to check is through Laxmi Capital Limited it’s issue manager’s website.
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