KATHMANDU: The IPO allotment of Trade Tower Limited was completed in Kathmandu today.
From Jestha 14 to Jestha 20, 2082, the company had opened subscriptions for 32,96,505.19 shares valued at Rs 32.96 crore, targeting the general public.
Out of a total of 39,71,69,300 shares, 10% (3,97,169.30 units) had been allocated to Nepali citizens working overseas, 2% (79,433.86 units) were set aside for the company’s employees, and 5% (1,98,584.65 units) were reserved for mutual funds.
The remaining 32,96,505.19 shares were made available to the general public at a par value of Rs 100 each.
The public offering saw overwhelming demand, with 20,74,285 applicants requesting 2,41,17,480 units—an oversubscription of more than 7.31 times. Of the total applications, 14,897 were disqualified.
As per the allotment process, 3,29,650 applicants were selected through a lottery to receive 10 units each. In addition, 5 applicants received 1 unit each, while 1 applicant was allotted 0.19 units.
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