There is good news for investors. Terhathum Power Company has confirmed the IPO result date. Sales Manager NIBL Ace Capital going to allot IPO on Friday, Bhadra 25 (भदौ २५) at 10 am.
The company has completed pre-allotment. After completing the pre-allotment, the allotment is done. Terhathum Power’s IPO has received more applications than demand, so it should be lucky to get shares. The company’s IPO will be allotted from a lucky draw.
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Based on the 744,000 kitta sold to the public, only 74,400 lucky applicants will get shares at the rate of 10 kitta. All other applicants will be left empty-handed.
When is the IPO result?
IPO result date is confirmed, allotment concludes on Bhadra 25 at 10 am. According to the data, only 74,400 lucky investors will get IPO shares at the rate of 10 units.
How to check the result?
Investors can check the Terhathum Power IPO result via three websites. CDSC IPO result website, MeroShare and Nibl Ace Capital website. Simply go to these websites, enter Boid, select the company and search for the IPO result or click the link below.
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Terhathum Power IPO News
The company has issued 744000 kitta IPO shares for the general public. For this IPO, ICRA Nepal has given ICRNP IR Double B minus rating. This indicates that there is a moderate risk for the company to meet its financial obligations.
The issue and sale manager of the company is NIBL Ace Capital Limited. The general public can apply from all C-ASBA member banks and financial institutions and their branch offices approved by the Nepal Securities Board.
Out of the total shares, 2 percent of shares have been allotted to employees and 5 percent shares to collective investment funds. The general public has applied for the 744,000 kitta and IPO was closed on Bhadra 13 (भदौ १३).
How Many Kitta to Apply?
Applying for 10 kitta is enough in this IPO. Because 24 lakh active investors applied for the last IPO. As of this, there are very rare chances to get IPO.
As of SEBON rules, the lucky draw will conclude the allotment of IPO. So highly suggest to apply only for 10 kitta.
How to Apply?
Investors can apply for the IPO through Mero Share. Also who doesn’t have Mero share, can visit a bank or institutional branches certified by C-ASBA and apply for the IPO by filing the form.