Look at the allotment module of Upper Tamakoshi IPO for locals; Allotment made on pro-rata basis for each category

The allotment procedure of 1 Crore 5 lakhs and 90 thousand units of Upper tamakoshi hydropower project for locals has concluded. The locals of the project affected area had been classified into three categories- ‘Category A’ being highly affected locals, ‘Category B’ were affected locals and ‘Category C’ comprises of other locals of Dolkha district.

From category A, 5,050 applications were received. Applicants from category A who applied for 30 to 100 units will be fully allotted shares. Applicants who applied for 110 to 300 units will be allotted 102 units each. A total of 510,950 units of shares have been allotted to applicants from category A.

From category B, 81,237 applications were received. Applicants who applied for 30 to 40 units will be fully allotted shares. Applicants who applied for 50 to 300 units will be allotted 48 units each. A total of 3,777,586 units of shares were allotted to applicants from category B.

Similarly, applicants from category C who applied for 30 units were fully allotted. Applicants who applied for 40 units were allotted 32 units each and applicants who applied for 50 to 300 units, were allotted 34 units each. A total of 6,299,866 units of shares were allotted to applicants from category C.

The remaining 1,598 units were allotted to applicants from category A who applied for 300 units through lottery system. Applicants were allotted one unit each on winning the lottery.

The IPO had received a great response from locals of Dolkha district. A total of 276,215 applicants applied for 37,711,960 units of shares.