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IPO Date of Terhathum Power Company Limited

News 16 Aug 2021 3093 0

IPO Date of Terhathum Power Company Limited

Terhathum Power Company Limited is going to issue IPO to the public from August 25, 2021 (Bhadra 9, 2078). The company is about to issue an IPO worth Rs 80 million. Accordingly, the company will issue 800,000 units of ordinary shares with a face value of Rs 100 per share.

Out of the total shares to be issued, 2 percent shares have been allotted to employees and 5 percent shares to mutual investment funds. The general public will be able to apply for the remaining 744,000 units.

The general public can apply for the shares till 29th August 2021 (Bhadra 13, 2078). If the full application is not received within that period, the application date will be extended till September 8 (Bhadra 23, 2078). You will have to apply for a minimum of 10 units of shares and a maximum of 60,000 units of shares.

In the rating given for IPO issuance, ICRA Nepal has given ICRNP IR Double B minus rating to the Terhathum Power Company. This indicates that there is a moderate risk for the company to meet its financial obligations.

The issue and sale manager of the Terhathum Power company is NIBL ​​Ace Capital Limited. The general public can apply from all C-ASBA member banks and financial institutions and their branch offices approved by the SEBON.