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Last Day to Apply for IPO of Terhathum Power Company Limited

News 29 Aug 2021 1645 0

Last Day to Apply for IPO of Terhathum Power Company Limited

Today (Bhadra 13th/ 29th August 2021) is the last day to apply for IPO of Terhathum Power Company Limited, which has been open for sale and issue to the public since Bhadra 9th, 2078.

The company has launched an IPO worth Rs 80 million. Accordingly, the company has issued 800,000 units of ordinary shares with a face value of Rs 100 per share.

Out of the total shares issued, 2 percent shares have been allotted to employees and 5 percent shares to collective investment funds. The general public will be able to apply for the remaining 744,000 units. 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 company. This indicates that there is a moderate risk for the company to meet its financial obligations.

The issue and sale manager of the 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 Nepal Securities Board.