The IPO result of Tehrathum Power Company has been published following the completion of allottment procedure this morning.

The shares were distributed at the office of the NIBL ACE Capital Limited, which is the issue manager of the company.

Among the eligible pool of applicants, 74,400 shares have been distributed at the rate of 10 units each, according to NIBL ACE Capital.

Earlier, Tehrathum Power Company had issued 800,000 units of shares which amounts to Rs 80 million from August 25-29, 2021.

Among the issued shares, two per cent (16,000 shares) shares were alloted to the companys' employees and five per cent (40,000 shares) were allotted to the mutual fund schemes while the remaining 744,000 shares were alloted to the general public.

It has been learnt that 2,355,447 applicants had subscribed for a total of 27,840,000 shares among which 2,346,627 were found eligible following rejection of 8,820 applications.

The current paid up capital of Rs 280 million of Tehrathum Power Company is expected to reach Rs 400 million after issuance of IPO Rs 40 to the locals and Rs 80 million to the general public.

To view the IPO results one can visit www.iporesult.cdsc.com.np.

*Note: The IPO results can be viewed after the completion of data upload on the server