IPO Allotment of Trade Tower Limited Concluded [IPO Result !!]
June 15, 2025 | Investopaper
IPO Allotment Of Trade Tower Limited
Laxmi Sunrise Capital Limited, the issue manager for the initial public offering (IPO) of Trade Tower Limited, has concluded the IPO allotment process on Sunday.
After the allotment, 3,29,650 applicants have received 10 shares each through lottery. Among them, 5 applicants received 1 additional share.
A total of 2,059,388 valid applicants had subscribed for the shares. With the allotment, more than 17.29 lakh applicants were left empty-handed.
To view the IPO result of Trade Tower Limited, click the link below:
IPO Result Of Trade Tower Limited
Second Phase: IPO To General Public
After the first phase, Trade Tower Limited had issued the shares to the general public in the second phase of an initial public offering (IPO) from Jestha 14, 2082 BS.
The company had sold 32,96,505.19 shares at Rs. 100 per share to the general public.
Due to over-subscription of shares, the second phase of the IPO was closed on Jestha 20, 2082 BS.
Interested investors could apply for a minimum of 10 shares and a maximum of 1,000 shares.
The company had allotted 198,584.65 shares to the mutual fund schemes and has reserved 79,433.86 shares to the employees.
First Phase: IPO To Foreign Employed Nepalis
In the first phase of the IPO, the company had floated shares to the foreign employed Nepalis from Baisakh 8, 2082 BS.
The company had issued 397,169.30 shares (10 percent of general public’s quota) to the foreign employed Nepalis. The IPO to foreign employed Nepalis was closed on Baisakh 22, 2082 BS.
Interested foreign employed Nepalis could apply for a minimum of 10 shares and a maximum of 1,000 shares.
In total (including the first and the second phase), the company will sell 39,71,693 shares that amounts to Rs. 39.71 crores in the public offering (IPO).
For this purpose, Securities Board Of Nepal (SEBON) has given the permission to the company on Chaitra 25, 2081 BS. The company had submitted the application to the board on Ashad 14, 2079 BS seeking permission to float the shares. Only after the approval from SEBON, the company can sell the shares to the general public.
Laxmi Sunrise Capital Limited is the issue and the sales manager for the public offering
As of Falgun’s end 2081 BS, the company has a paid-up capital of Rs 41.84 crores. After the IPO (if fully subscribed), the capital will increase to Rs. 81.56 crores. The general public will possess 48.70 percent shares (after the IPO) while the promoters will hold the remaining 51.30 percent.
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