Kathmandu. Green Life Hydropower Limited has opened IPO sale to the public from (Friday). The company has sold 3,496,400 shares with a face value of Rs 100 per share. Earlier, the company has issued shares to the public by adding 1,686,400 shares that could not be distributed when the IPO sale was opened to the project-affected locals. Out of the total shares, 174,820 shares have been allotted for collective investment fund and 69,928 shares have been distributed among the employees of the company and the remaining 32,51,652 shares have been issued to the public. Applications for this IPO purchase can be made from a minimum of 10 lots to a maximum of 100,000 lots as soon as possible on January 12 and as late as February 7.

Care Rating Nepal has given Care NPB Plus (IS) rating to the company's IPO. The rating indicates that the issuing company is at high risk to meet its financial obligations. The IPO sales manager is BOK Capital. Along with the sales arrangements, applications can also be submitted from all the banks and financial institutions participating in the ASBA service and their branch offices. Applications can also be submitted through My Share Software and My Share Mobile App.