On Sunday, June 15, 2025 (Ashar 1), the IPO allotment of Trade Tower Limited was officially completed. The allotment took place at the office of Laxmi Sunrise Capital, which acted as the issue manager for the public offering.
IPO Details: Strong Demand Exceeds Supply
- Trade Tower had opened its IPO to the public from Jestha 14 to 20.
- A total of 32,96,505.19 units were issued at a face value of Rs. 100 per share, amounting to over Rs. 32.96 crore.
- The offering attracted a massive 20,74,285 applicants, collectively applying for 2,41,17,480 units.
- However, 14,897 applications were rejected, leaving 20,59,388 valid applications in the final count.
Allotment Done via Lottery System
Due to the overwhelming number of applicants, the IPO allotment was carried out using a lottery (random draw) method:
- Only 3,29,650 applicants were lucky enough to receive shares.
- Each of these applicants received 10 units of the IPO shares.
- From the remaining fractional shares:
- 5 applicants received 1 additional share each.
- 1 applicant was allotted a fractional share of 0.19 units, as reported by the capital.
Limited Allotment Reflects High Investor Interest
The massive oversubscription and use of lucky draw show strong investor interest in Trade Tower Limited’s IPO. However, only a small portion of applicants were able to secure shares, highlighting the competitive nature of recent public offerings in the Nepali stock market.
