Greenlife Hydropower Company (GLHL) has sought approval from Securities Board of Nepal (SEBON) for IPO issuance. As per the application submitted in SEBON, the company is seeking approval to issue 3,496,400 units of primary shares to the general public.
Credit rating agency ‘Care Nepal’ has assigned ‘Care NP IPO Grade 4’ to the issue indicating below average fundamentals.
Earlier, Greenlife Hydropower issued 1.8 million units of shares worth Rs 180 million to locals of affected area of Dolakha from February 5.
The company has appointed BOK Capital Market as its issue manager.
