GRHPL to issue IPO next week

KATHMANDU: The Greenlife Hydropower Limited (GRHPL) is issuing initial public offerings (IPOs) of worth Rs. 180 million next week.

According to the company, 1.8 million units of ordinary shares will be issued for public from February 5 to 19. The deadline will be extended to till March 19 if the issued number of shares goes unsold in this period, the company said.

The project is based in Dolakha and 20 units are fixed as a minimum quantity for apply while the maximum quantity is 9,000 units.

The company is the developing the 40-megawatt Khanikhola Hydropower Project. The project is expected to start the power generation in two months.