Upper Tamakoshi allots IPO; All Valid Applicants provided 40 units; Few Lucky applicants provided 50 units

Nov 27, 2018 Merolagani

Upper Tamakoshi Hydropower has allotted the initital public offering (IPO) issued on November 1-5.  

As per issue manager, Citizen Investment Trust and Sunrise Capital Limited, a total of 334,075 valid applicants were provided mandatory 40 units of shares while 172,775 applicants got 50 units of shares through lottery.

Out of the total applicants, applications of 5,700 applicants were suspended.

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