Kathmandu. The date of ipo allotment of Trade Tower Limited has been fixed. According to laxmi sunrise capital, the ipo will be distributed on Sunday i.e. June 15.
This IPO will be distributed through gola system as more applications have been received than the demand. A total of 2,169,891 investors have applied for 3,296,505 units of shares issued by the company. Which is 7.82 times more applications than the demand.
A total of 329,650 people will get shares while the remaining 1,840,241 will have empty hands.
The company had issued an IPO at the rate of Rs 100 per share from June 1to June 15. ICRA Nepal has given the company an ‘ICRA NP Double B Minus’ rating, indicating that there is an average risk in the company’s ability to meet its obligations on time.
