Upper Tamakoshi allotment concludes; Refunds amount to non-allottes

Fri, Nov 2, 2018 12:46 PM on IPO/FPO News, Latest, Stock Market,
Upper Tama...

Upper Tamakoshi Hydropower Limited has allotted its 1.05 crore unit IPO for the locals of Dolakha district.

The allotment was made on the supervision of the issue managers i.e Sunrise Capital and Citizen Investment Trust on Kartik 14, 2075.

From category A, 5,050 applications were received. Applicants from category A who applied for 30 to 100 units will be fully allotted shares. Applicants who applied for 110 to 300 units will be allotted 102 units each. A total of 510,950 units of shares have been allotted to applicants from category A.

From category B, 81,237 applications were received. Applicants who applied for 30 to 40 units will be fully allotted shares. Applicants who applied for 50 to 300 units will be allotted 48 units each. A total of 3,777,586 units of shares were allotted to applicants from category B.

Similarly, applicants from category C who applied for 30 units were fully allotted. Applicants who applied for 40 units were allotted 32 units each and applicants who applied for 50 to 300 units, were allotted 34 units each. A total of 6,299,866 units of shares were allotted to applicants from category C.

The hydropower company is refunding the application amount to the non-allottees directly in their respective bank accounts.

The remaining 1,598 units were allotted to applicants from category A who applied for 300 units through lottery system. Applicants were allotted one unit each on winning the lottery.