Who are eligible to apply for 1.58 crore units IPO share of Upper Tamakoshi Hydropower Limited ?

The Nepal’s pride project “Upper Tamakoshi Hydropower” to issue 15% of its paid up capital i.e. 1.58 crore unit of Rs 1 arba 58 crore worth IPO to the general public from 15th to 19th Kartik, 2075.  The 10% IPO issuance to the local residents of project affected people (Dolkha district) was oversubscribed by 3 times. Upper Tamakoshi Hydropower official said “more than 90% of Dolakha District resident had applied for the IPO”. IPO will be allotted to all the applicants after Dashain.

Many investors have confusion on “who are eligible to apply” for this upcoming IPO issue, in this regard ShareSansar talked to an official of Sunrise Capital who is also managing the IPO issue. He said “Those who have already applied on 1st and 2nd phase of IPO issue i.e. Employees having membership of Employees Provident Fund of that time, Employees of promoter shareholding companies, Employees of lending institutions and residents of project affected people i.e. residents of Dolkha district are not allowed to apply for this IPO issue. Rest any Nepali citizen are allowed to invest in this IPO issue.” he added.

The one who have missed to apply for 1st phase IPO issue from 11th to 25th Fagun, 2071 for 2 crore 54 lakhs 16 thousand units share (i.e. 24% of the total paid up capital of the company) from the contributors in Employees Provident Fund (EPF), NEA & Company’s staffs and staffs of financial institutions i.e. Employees Provident Fund, Citizen Investment Trust, Nepal Doorsanchar Company Limited, Rastriya Beema Sansthan are allowed to apply. Similarly, Dolakha district locals who missed to apply for 2nd phase IPO issue from 16th Shrawan to 21st Bhadra, 2075 for 1 crore 5 lakh 90 thousand units share (i.e. 10% of the total paid up capital) are allowed and welcome to apply for the massive 1.58 crore units IPO issue.

Click to see an announcement details

Announcement of issuance 1.05 crore unit IPO to the resident of Dolakha District

Nepals dream project upper tamakoshi to float a massive 1.58 crore units ipo shares to the general public from kartik 15