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Basis of Allocation for Tropical Battery's Offer for Sale and IPO released

NCB Capital Markets has released the Basis of Allocation of Tropical Battery's combined Offer for Sale and Initial Public Offer.
 
Applicants in all reserved share pool will be allocated 100 per cent of the shares for which they applied.
 
Those in the general public pool will receive up to the first 50,000 units.
 
Units above that amount will be allocated on a pro-rata basis of approximately 30.64 per cent of the excess shares for which they applied above the Base Allotment.
 
Refunds for applicants who did not receive full allotment will commence this Wednesday.


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