Tehrathum Power Company To Issue IPO From Today
Tehrathum Power Company is going to issue IPO as they has received the approval from the SEBON on Ashad 10, 2078 to issue an Initial Public Offering.
According to the company, 1,200,000 shares will be issued to the public that is the 30% of the company’s paid-up capital.
Upcoming IPO In Nepal: Tehrathum Power Company To Issue IPO
Facts About The Tehrathum Power Company IPO
Total IPO share: 1,200,000/- shares
Share For Local: 4,00,000/- shares
Share For General Public: 8,00,000- shares
The paid-up capital of the company as of mid-July 2019: NPR 280 million(100% promoter).
The paid-up capital after IPO: NPR 400 million (70:30 by the promoters and the public).
Out of the total 12 lakh units, 4 lakh will be issued to the locals of project affected area and rest 20% i.e. 8 lakh units to the general public.
NIBL Ace Capital is the issue manager. Terhathum Power Company Limited (TPCL) was established on August 16, 2009, as a private limited company. The company was was converted to a public limited company on June 21, 2018.
Terhathum Power Company is building hydro project in Upper Khorunga Khola with capacity of 7.5 MW.
