Shares of Trade Tower Limited from its recently concluded IPO have been successfully deposited into the investors’ demat accounts. According to CDS and Clearing Limited (CDSC), the shares were transferred on Sunday evening, Asar 22.
NEPSE listing and trading update
The company is now set to be listed on the Nepal Stock Exchange (NEPSE). Once listed, trading of Trade Tower shares will begin from the next day under its assigned stock symbol. The IPO allotment was completed on Asar 1 by the issue manager, Laxmi Sunrise Capital.
Over 3.29 lakh investors received shares
Out of all applicants, 3,29,650 lucky investors were selected through a lottery system to receive shares in this IPO.
Allstocks prediction: price expected
According to Allstocks analysis, Trade Tower shares are expected to see a strong upward trend once trading begins. Market experts predict the price may go as high as Rs 15,000 in the coming sessions, considering investor demand and current market sentiment.
