Green Development Bank announces bid opening on 22nd Jestha

Green Development has published a notice regarding the bid opening date for its 6,52,297 unit auction shares. The date for bid opening is on 22nd Jestha 2075.

The auction includes 3,37,500 unit promoters shares and 3,13,713 unit ordinary shares.

Laxmi Capital is appointed as an issue manager.

The company had floated massive 400% right shares and allotted it on 22nd Chaitra, 2074. The unsold right shares at that time are now being auctioned. 

Green Development Bank has a paid-up capital of Rs 10 crores, which will hike to Rs 50 crores after the capitalization of 400% right issue. The development bank will then meet the directive for paid-up capital. Green Development Bank had an EPS of Rs 0.83 as of 3rd quarter 2074/75.