The IPO allotment of Greenlife Hydropower Limited recently concluded. Greenlife Hydropower Limited issued 4,96,400 units worth Rs 34.96 crore as Initial Public Offering to the general public from (Magh 23- Magh 27, 2077).
Out of the offered 34,96,400 units; 69,928 units were set aside for the employees of the company and 1,74,820 units for mutual funds. The remaining 32,51,652 units were for the general public.
The issue received applications from 13,19,059 valid applicants who had applied for a total of 2,26,33,170 units. The issue was oversubscribed more than 6.98 times. As per the allotment module, a total of 3,25,165 applicants were allotted 10 units each via lottery and lucky 2 investors get 1 unit extra, and the remaining 9,93,894 applicants were returned empty hands. A total of 69,928 units were allotted to the staff of the company and 1,74,820 units allotted to mutual funds. In total 3,912 applicants who applied for 58,320 units were disqualified.
The shares of Greenlife Hydropower are already deposited to the allottee’s Demat accounts.
Similarly, Mahila Laghubitta Bittiya Sanstha Limited had issued 4,00,000 units worth Rs 4 crore as Initial Public Offering to the general public from (Magh 30- Falgun 5, 2077). The issue had received applications from 15,36,682 valid applicants who had applied for a total of 23,692,630 units. The issue was oversubscribed more than 63.18 times. As per the allotment module, a total of 37,500 applicants were allotted 10 units each via lottery, and the remaining 14,99,182 applicants returned empty-handed. A total of 5,000 units were allotted to the staff of the company and 20,000 units allotted to mutual funds. In total 3,353 applicants who applied for 54,960 units were disqualified.
The allotment has already concluded for the company too.
Their respective issue managers claim that they have lodged the listing application to NEPSE. Both were of the opinion that the listing was delayed since NEPSE’s CEO was on leave last week. Informing Sharesansar today, NEPSE’s spokesperson has claimed that the CEO is now back from leave already. Provided both their application and documents are complete, there is no obstacle for the shares to be listed today or tomorrow.
