IPO Proposal Of Trade Tower Limited Approved By SEBON
Another IPO in pipeline as Securities Exchange Board of Nepal (SEBON) has approved the IPO issue proposal of Trade Tower Limited. According to the data submitted, the company will now issue 3,971,693 equity shares at a par value of Rs. 100 each. Laxmi Sunrise Capital Limited has been appointed as the issue manager for the IPO issuance of the Trade Tower Limited. The amount of the IPO issue is Rs. 39.71 Crore.
Trade Tower Limited (TTL) was established in 2007
ICRA Nepal has reaffirmed a [ICRANP-IR] BB-issuer rating for Trade Tower Limited (TTL), indicating a moderate risk of default in meeting financial obligations. The rating reflects overall creditworthiness and is not tied to any specific debt instrument.
Based in Thapathali, Kathmandu, Trade Tower Limited is a public limited company engaged in leasing, financing, and infrastructure development. Trade Tower Thapathali, is operational since April 2011. Some of the other project of Trade Tower limited are Hotel Crystal Pashupati, a three-star hotel in Gaushala.
