IPO & Public Offerings

Tehrathum Power IPO Result, allotment today

10 September 2021 09:39 AM | UPDATED 3 months ago

10 September 2021 09:39 AM

The IPO brought for sale by Tehrathum Power Company Limited will be distributed today. Tehrathum Power IPO Result

As per the information given by the sales manager NIBL Capital, the pre-allotment was completed on Tuesday and the distribution of shares will take place on Friday.

The company has stated that it is preparing for the distribution at 10 am today.

The company had made public 400,000 shares for the project-affected people. This number is 10 percent of the total capital.

Eight lakh shares equal to 20 percent or Rs 80 million were sold to the public.

2 percent of the company’s total shares were allocated to the company’s employees and 5 percent to the collective investment fund, while the remaining 744,000 shares were allocated to the public.

As of August 29, more than 2.3 million people had applied for the company’s shares.

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