Kathmandu. Pre-allotment of Green Life Hydropower Limited and preparation for the final distribution 19 th February on Friday.

The company's IPO has received 1.337 million 942 applications. A total of 239.76 million 600 lots have been purchased from these applicants. Which is 7.37 times more than the demand.

The company had issued 3,251,652 shares to the public since January 8. The company is going to distribute 34 lakh 96 thousand 400 shares to the public by adding 16 lakh 86 thousand 400 shares which 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 shares have been sold through public issue.

The company had received approval from the Nepal Securities Board on January 20 to sell the IPO. At present, the company's paid-up capital is Rs 1.44 billion. The company's paid-up capital will reach Rs 1.80 billion after selling shares to the public.