Trade Tower Limited IPO Oversubscribed; Deadline Extended Till Jestha 20

The IPO of Trade Tower Limited, initially scheduled from Jestha 14 to 19, has now been extended till Jestha 20. This extension follows the SEBON guideline, which mandates that IPOs must remain open for at least four working days.

According to CDSC data, as of Sunday (Jestha 18) at 10:06 AM, a total of 16,07,935 applicants have applied for 1,92,74,190 units of shares. This means the IPO has already been oversubscribed by 5.84 times, based on the number of shares allocated for the general public.

Despite already crossing full subscription, the IPO will remain open till Jestha 20 in compliance with the regulation.