Upper Tamakoshi to distribute IPO share certificate to EPF employees from today

Upper Tamakoshi Hydropower Limited (UTKHPL) will be distributing IPO share certificate to its shareholders from today, Mangsir 13, 2072. As per the notice published, the investors from Employee Provident Fund (EPF) can collect their share certificate from the collection center where they had submitted their IPO forms. Furthermore, the allotment advice along with identity card of the investor is mandatory to collect the share certificate. Upper Tamakoshi Hydropower had floated Initial Public Offering (IPO) for the staff of lending institutions from Falgun 11. The allotment of the company’s IPO was held on Jestha 21, 2072.4,066,560 units share have been allotted to 9,754 staffs of UTKHPL and its largest promoter Nepal Electricity Authority (NEA). In the allotment, those who had applied up to Rs 40,000 have fallen under lottery while investors who applied for shares more than Rs 41,000 to Rs 50,000 were allotted 2.4% of the money they had invested and shares worth more than Rs 51,000 to Rs 50, 0 0,000 have been allotted to 2.335 % shares. Most-awaited Upper Tamakoshi Hydropower IPO opens on Falgun 11 Upper Tamakoshi IPO allotment concludes; investors got 5.86% to 100% shares