Greenline Hydropower Undersubscribed by 94%

Apr 02, 2019 Merolagani

The initial public offering (IPO) of Greenlife Hydropower issued to locals of affected area of Dolakha has been undersubscribed by 94 percent. The company that issued IPO from February 5-March 11 allotted the shares on March 31.

According to issue manager BOK Capital (formerly Kathmandu Capital), a total of 1,216 applicants applied for 103,600 units of shares. It is merely 5.7555 percent of the total offered shares. The issue went undersubscribed by 94.244 percent.

Greenlife issued 10 percent i.e. 1.8 million units of shares of its issued capital worth Rs 1.80 billion. Now the unsubscribed shares will be added to 1.8 million units of shares to be offered to general public.

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