IPO ALERT: 31,25,000 units IPO shares of Green Ventures Limited (GVL) from Falgun 2 for Locals

IPO Alert | Nepal share market | Hydropower | Green Ventures |
06-Feb-2022
Kathmandu


Green Ventures limited (GVL) For Locals and General public IPO for general public.

IPO confirmed for locals of okhandhunga and Ramechhap District people only. 

Green Ventures limited is going to issue 6,250,000 ( Sixty two lakh fifty thousand ) IPO ( initial public offering) shares worth of 625,000,000 ( Sixty two Crore and fifty lakh) with base price of Rs. 100 in 2 phases.

1. Okhandhunga & Ramechhap District locals.
2. General public 

Here, in the first phase of issuing GVL Confirmed 31,25,000 units IPO share are purely for local residents of okhandhunga and Ramechhap District. And they are eligible to apply from Falgun 2, 2078.

Remaining 31,25,000 units will be for general public and only after completion of first phase.


Who is the issue manager of Green Ventures Limited?
Laxmi capital Market limited 

After the initial public offering promoters share vs general public ratio will be 80% vs 20%.

How much to apply?
Minimum 10 kitta to maximum 50,000 kitta could be.

Who can apply?
Only resident of okhandhunga and Ramechhap District.

When the issuing date?
From Falgun 2 

Rating of Green Ventures Limited IPO issuing? 
BB- 
By CARE NEPAL LIMITED 

About Green Ventures limited:

The Likhu-IV Hydroelectric Project is planned as a run-of-river scheme with an installed capacity of 52.4MW utilizing a design discharge of 26.70m3/s and gross head of 221.27 meters.
The headwork consists of 36m wide un-gated weir with 2 under- sluice bays to safely discharge flows during monsoon period/floods. The full supply level is fixed at EL.1023.00 m.a.s.l and 2 intake openings are provided at the head regulator to draw the required design discharge. Two surface desanders L=80m & W=10m removing the particle size lesser than 0.2mm is proposed. The 4024.50 m long tunnel will convey the design discharge from the end of a power duct to the pressure shaft. The surge shaft is located at end of headrace tunnel. The tunnel is D- shaped having 3.8 m dia. with concrete lining for the initial length of 3924.50 m and the remaining 100 m long portion of HRT is steel lined with 3.40 m dia circular section with concrete backfill around the steel lining. The powerhouse is expected to be founded mainly on overburden material. Water passing through the turbines is then discharged back into the Likhu River through a 70m long tailrace channel. The total gross annual energy generation estimated at the normal load condition is estimated as 314.78 GWh.
The power generated from the plant will be evacuated through an approximately 19 Km long 220 kV Single Circuit Transmission line at New Khimti Substation, Kirnetar Ramechhap. ( source: Green Ventures website)


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