Trade Tower Limited IPO Allotment Completed — Over 18 Lakh Miss Out
The IPO allotment of Trade Tower Limited was held today via lucky draw at Hotel Crystal Pashupati, Kathmandu. Out of 21.69 lakh applicants, only about 3.29 lakh received shares, leaving over 18.4 lakh investors empty-handed. The IPO, priced at NPR 100 per share, had seen overwhelming demand, reflecting strong public interest in Nepal’s capital market.
The highly anticipated IPO allotment of Trade Tower Limited has concluded today ( Asar 1) through a lucky draw system, leaving a majority of applicants without shares. The allotment process began at 9:30 AM at Hotel Crystal Pashupati, Gaushala, Kathmandu, and was overseen by issue manager Laxmi Sunrise Capital.
A total of 21,69,891 investors had applied for 25,779,790 shares, while only 3,296,505 units were available for distribution. As a result, just around 3.29 lakh applicants were allotted shares through a lottery, while over 18.4 lakh investors missed out.
The IPO, which was open from Jestha 14 to Jestha 20 at a face value of NPR 100 per share, attracted massive participation from retail investors across the country. The oversubscription highlights the continuing trend of strong public involvement in Nepal’s capital market.
Trade Tower Limited had received an ICRA NP Double B Minus (Issuer Rating) from ICRA Nepal, indicating a moderate credit risk and average financial capacity.
As the allotment wraps up, excitement and disappointment are being felt in equal measure. For those who secured shares, it\\\