Upper Tamakoshi Hydropower refunding excess money from today

Kathmandu, June-17 Upper Tamakoshi Hydropower Limited   is refunding excess money collected from investors as part of its initial public offering from Today.

Among the  18,299,520 units to the depositors of the Employee provident fund 5 Lakhs were allotted 293 units share. Whereas, depositors who applied for shares worth Rs 5 thousand were allotted 50 units share of the total investment.  The depositors who applied for Rs 1 lakh were allotted 97 units, 2 lakhs were allotted 146 units share, 3 lakhs were allotted 195 units shares and 4 Lakhs were allotted 243 unit shares.  
Among 3,049,920 units of shares to the staff of lending institutions ,191 staffs of Rastriya Beema Sansthan and and  107 staffs of Citizens Investment Trust were allocated . And 4,066,560 units to the staffs of Upper tamakoshi and its largest promoter Nepal Electricity Authority in june 15th among those shares9,14,976 units share have been allotted to the 5,550 staffs of Nepal Telecom Company Limited , whereas, 15,24,960 units have been allotted to 480 staffs of Employees Provident Fund

The company has requested its investors to visit their respective collection centers with receipt to collect their IPO allotment advice slip and account payee cheque  in their name.They need to bring their receipt with a copy of citizenship or authorization letter to collect their payment slip.

Due to the delay in the allotment, 17.41 arba rupees were stuck with both the issue managers.