IPO allotment of Green Ventures Limited concludes

KATHMANDU: Green Ventures Limited had issued 31,25,000 units worth Rs 31.25 crore as Initial Public Offering to the general public from (Chaitra 08-11, 2078).

31,25,000 shares were issued at a par value of Rs. 100 per unit. 3% of the total issue, i.e. 93,750 units were allocated for employees while 5%, i.e. 1,56,250 units for mutual funds. The rest 28,75,000 shares are for the individual public.

Laxmi Capital Market Limited is the issue manager for this IPO issue.

The issue had received applications from 21,06,516 valid applicants who had applied for a total of 2,42,77,000 units. The issue was oversubscribed more than 8.44 times.

As per the allotment module, a total of 2,87,500 applicants were allotted 10 units each via lottery, and the remaining 18,19,016 applicants were returned empty hands.