The IPO shares of Terhathum Power Company Limited will probably be listed in a couple of days, says the company's share registrar Nepal Bangladesh Capital.
The listing application has been submitted to NEPSE. The exchange has assured the share registrar that the shares will be listed in a couple of days. Meanwhile, allottees may start seeing the shares on their Meroshare from today itself.
The hydropower company had issued 8,00,000 units worth Rs 8 crore as Initial Public Offering to the general public from (Bhadra 9-13, 2078). Out of the offered 8,00,000 units; 2% of the total offered shares to the general public i.e. 16,000 units were set aside for the employees of the company and 5% for mutual funds. The remaining 7,44,000 units were for the general public.
The issue had received applications from 23,46,627 valid applicants who had applied for a total of 2,92,69,640 units. The issue was oversubscribed by more than 39.34 times. As per the allotment module, a total of 74,400 applicants were allotted 10 units each via lottery, and the remaining 22,72,227 applicants were returned empty hands. A total of 16,000 units were allotted to the staff of the company and 40,000 units were allotted to the mutual funds. In total, 8,820 applicants who had applied for 1,08,760 units were disqualified.