Green Ply Nepal is preparing to launch its Initial Public Offering (IPO) for the general public after converting into a public limited company.
Green Ply Nepal, which produces plywood in Nepal, is now preparing to issue IPO shares to the general public. To make this happen, the company has officially converted from a private limited company to a limited company on Asar 31.
Details of the IPO and Special General Meeting
The company is planning to issue 16 lakh 40 thousand kitta IPO shares. This is equal to 20 percent of the company’s total issued capital. To pass this IPO proposal, the company has called a special general meeting on Sawan 22.
Company Financials and Export
In the fiscal year 2081/82, the company showed a very good sales growth of 18.96 percent. They made a total turnover of around Rs 47.5 crore. The company is also running in profit from the last five years. According to company, about 30 percent of their plywood is used in Nepal, and more than 70 percent is exported to India.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
