Kathmandu, June 12
Upper Tamakoshi had floated Initial Public Offering (IPO) for the staff of lending institutions from Falgun 11. The IPO was supposed to close on Falgun 25 but it was extended till Chaitra 15.
A total of 2 lakhs 10 thousand applications were received out of which 1 lakh 92 thousand applications were received from the depositors of Employees Provident Fund. There is a high chance that depositors who have applied for shares worth Rs 5 Lakhs will be allotted a 280/290 shares.
The IPO had a total collection of Rs 17 arba which is 8 times more than the IPO amount.