Greenply Nepal Prepares to Issue IPO, 20 Percent Shares For General Public
Summary
Greenply Nepal Limited is preparing to issue an IPO of 16.40 lakh shares, representing 20% of its capital, following strong financial performance and growth in exports mainly to India.
Key Points
- Greenply Nepal Limited plans to issue 16.40 lakh ordinary shares as IPO, representing 20% of its issued capital.
- The company reported an 18.96% increase in annual turnover to Rs 47.5 crores in fiscal year 2081/82 and has been profitable for five consecutive years.
- Net tangible assets increased from Rs 8.20 crores to Rs 22.60 crores with improved gearing ratio from 7.41 to 2.44.
- Greenply Nepal exports over 70% of its plywood products mainly to India and international markets and is headquartered in Morang, Nepal.
