Upper Tamakoshi Hydropower IPO extended till Chaitra 15

ShareSansar March 9:

Upper Tamakoshi Hydropower Limited (UTHPL) had floated Initial Public Offering (IPO) for the staff of lending institutions from Falgun 11. The IPO was supposed to close on Falgun 25(today) but it has been extended till Chaitra 15.

The 456-megawatt hydropower company has allocated 10.59 million units of shares to the locals of Dolakha, 18,299,520 units to the depositors of the EPF (as of July 30, 2010) and 3,049,920 units to the staff of lending institutions and 4,066,560 units to the staffs of UTHPL and its largest promoter NEA.

The minimum number of shares an individual must apply is 50 units whereas maximum number of shares an individual can apply is 5,000 units.

Upper Tamakoshi Hydropower IPO is managed by Citizen Investment Trust and NCM Merchant Banking.