Trade Tower IPO Result Check Trade Tower Company Share Result

IPO Allotment of Trade Tower Limited Concluded today. Trade Tower IPO Result Check. The Initial Public Offering (IPO) of Trade Tower Limited has been successfully allotted. The allotment event took place at Hotel Crystal in Gaushala, Kathmandu.

Trade Tower Limited had issued a total of 3,296,505.19 shares at a face value of Rs. 100 per share, amounting to Rs. 329.65 million, for the general public. The IPO subscription was open from Jestha 14 to Jestha 20, 2081 (May 27 to June 2, 2024).

During the subscription period, the company received applications from 2,074,285 applicants who collectively applied for 24,117,480 shares—a significant oversubscription compared to the available shares.

Out of all the applications received:

14,897 applications were rejected, and
2,059,388 applications were approved for allotment.

Trade Tower IPO Result Check- Trade Tower IPO Share Check

Allotment Process:

Due to overwhelming demand, the IPO shares were allotted through a lottery system (random draw).

As a result:

329,650 applicants received 10 shares each.
From the remaining 5.19 fractional shares,
- 5 applicants received 1 share each, and
- 1 applicant received 0.19 shares, as per the information provided by the issue manager.

This concludes the IPO allotment process for Trade Tower Limited. Investors who participated can now check their allotment status through their respective banks, brokers, or the official allotment portal.

IPOresult.cdsc.com.np Check IPO Result Easily

1. You Can Check IPO Result in Mero share CDSC sites: https://ift.tt/QER71VY
( You Need to Choose Company & Enter BOID or DMAT number)
2. IPO Result Also Found in respective Capital Merchant Site
3. You Can Check IPO Result in your Mero share Account DASHBOARD : https://ift.tt/Lb1jAB4
( By login Mero share, You found Result in My ASBA menu & Application Report Submenu)