Upper Tamakoshi IPO allotment concludes; investors got 5.86% to 100% shares

Upper Tamakoshi Hydropower Limited (UTKHPL )has concluded its IPO allotment today at the premises Indreni, Tinkune.

18,299,520 units share have been allotted to 1,91,959 depositors of Employees Provident Fund (EPF).

Depositors of Employees Provident Fund who applied for shares worth Rs 5 Lakhs were allotted 293 units share i.e. 5.86% of the total investment. Whereas, depositors who applied for shares worth Rs 5 thousand were allotted 50 units share i.e. 100% of the total investment. The depositors who applied for Rs 1 lakh were allotted 97 units, 2 lakhs were allotted 146 units share, 3 lakhs were allotted 195 units shares and 4 Lakhs were allotted 243 unit shares. The allotment was done on pro rata basis.

As per the official of Citizen Investment Trust only 12-15 forms were disqualified for this IPO.

4,066,560 units share have been allotted to 9,754 staffs of UTKHPL and its largest promoter Nepal Electricity Authority (NEA).

9,14,973 units share have been allotted to the 5,550 staffs of Nepal Telecom Company Limited (NTC), whereas, 15,24,960 units have been allotted to 480 staffs of Employees Provident Fund(EPF). Also, 3,04,992 units share have been allotted to 191 staffs of Rastriya Beema Sansthan and 3,04,992 units share have also been allotted to the 107 staffs of Citizens Investment Trust (CIT).

The IPO had a total collection of Rs 17 arba which is 8 times more than the IPO amount.

As per the SEBON rule, the money should be refunded within 5 working days after the allotment.

Press-release-TK

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