1 week more till you can apply in the IPO of Upper Tamakoshi; IPO already oversubscribed by 2.56 times collecting more than Rs 2.69 arba

The deadline for applying in the IPO of Upper Tamakoshi Hydropower has been extended by 1 week. Today was supposed to be the last day for the applicants applying from Dolakha district.

However, following the request of the locals, 1 week’s time has been added. Now the locals of Dolakha district can apply for the shares till Bhadra 21, 2075.

Till Bhadra 12, 2075, the IPO has collected more than Rs 2.69 arba from 1,61,900 applicants. The IPO issue has already been oversubscribed by 2.56 times.

Upper Tamakoshi has issued the shares to collect Rs 1.05 arba from the locals of the project affected area.

Citizens Investment Trust and Sunrise Capital have been appointed as the issue managers for the IPO issue.

ICRA Nepal has assigned Grade 4 rating to the IPO issuance indicating below average fundamentals.

The minimum applications can be placed for 30 units and maximum for 300 units.