Terhathum Power Company Limited has concluded the IPO issue of 8,00,000 units shares today. The issue had opened on Bhadra 9.
Out of the offered 8,00,000 units; 2% of the total offered shares to the general public i.e. 16,000 units were set aside for the employees of the company and 5% for mutual funds. The remaining 7,44,000 units were for the general public.
NIBL Ace Capital Limited was appointed as the issue manager for the IPO issuance. According to the issue manager, 23,57,009 applicants have applied for a total of 3,12,54,220 units.
Out of the total 1,200,000 units, 4 lakh is already issued to the locals of the project affected area and the rest 20% i.e. 8 lakh units will be issued to the general public.
IPO Allotment Result will be coming next week friday.