Terhathum Power Company Limited’s initial public offering (IPO) shares would most likely be listed within a couple of days, according to the company’s share registrar, Nepal Bangladesh Capital.
NEPSE has received the listing application that was submitted to them. The stock exchange has promised the share registrar that the shares will be listed on the exchange within a couple of days after receiving the assurance. Meanwhile, allottees will be able to see their shares on their Meroshare as of today, according to the company.
To raise Rs 8 crore from the general public, the hydroelectric firm issued 8,00,000 units at Rs 8 crore as an Initial Public Offering (Bhadra 9-13, 2078). Approximately 2 percent of the total number of shares offered to the general public (i.e. 16,000 units) were reserved for firm workers, with the remaining 5 percent reserved for mutual funds, out of the total number of shares issued. The remaining 744,400 units were intended for the general population, according to the manufacturer.
The issue had received applications from 23,46,627 valid candidates who had applied for a total of 2,92,69,640 units. The total number of units available was 2,92,69,640. The issue was oversubscribed by a factor of more than 39.34 times, according to the publisher. According to the allotment module, a total of 74,400 candidates were awarded ten units each through a lottery system, while the remaining 22,72,227 applicants were returned with nothing in their possessions. One hundred and sixty-six thousand units were allocated to the company’s employees, while forty thousand units were allocated to mutual funds. A total of 8,820 candidates who had applied for 1,08,760 units were disqualified, for a total of 1,08,760 units available.