The IPO result of Terhathum Power Company Limited will be published (allotment) on 25th Bhadra 2078 (10th September 2021) Friday. According to NIBL Ace Capital, the company's share issue and sale manager, the shares will be distributed on Friday morning.
NIBL Ace Capital has stated that it is preparing to distribute the shares of the company on Friday after the pre-allotment ends on Tuesday. The company had issued 800,000 units of shares worth Rs 80 million from August 25 to August 29 (Bhadra 9 to Bhadra 13).
Out of the total shares sold by the company, 2 percent or 16,000 units of shares will be distributed to the employees and 5 percent or 40,000 units of shares will be allotted to the mutual investment fund and only the remaining 744,000 units of shares will be allotted to the public.
As there are more applications than demand for the company's shares, the securities will be distributed as per the issuance and distribution guidelines. Accordingly, only 74,400 people will get shares at the rate of 10 units each. The rest of the applicants will not get the shares.
Currently, the company's paid-up capital is Rs 280 million. After the IPO issuance of Rs 40 million to the locals and Rs 80 million to the general public, the company's payment will reach Rs 400 million.
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