IPO of Greenlife Hydropower approved by SEBON; 18 lakh units to be floated for the local people

IPO of Greenlife Hydropower approved by SEBON; 18 lakh units to be floated for the local people

Greenlife Hydropower Limited’s 18 lakh unit shares for the local people has been approved by SEBON. Kathmandu Capital Market Limited has been appointed as the issue manager for the issuance of IPO.

Care Ratings Nepal has assigned Grade 4 rating to the IPO issuance indicating below average fundamentals.

The hydropower company has been operating Khani Khola 1 Hydropower Project in Marbu VDC of Dolakha District. (source)

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