IPO of Upper Tamakoshi oversubscribes by 1.79 times; Collects more than Rs 1.88 arba from over 95,000 applicants

Upper Tamakoshi Hydropower Company collects Rs 1.88 arba worth of applications for its IPO issuance till Shrawan 30, 2075. More than 95,000 applicants have applied for around 18.80 crore unit of shares.

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.

The issue will be closed today for the applicants applying from Kathmandu valley. However, it will only close on Bhadra 14 for the applicants applying from Dolakha district.