KATHMANDU, Sept 8: The Initial Public Offering (IPO) of Terhathum Power Company is scheduled to be distributed on Friday. According to NIBL Ace Capital, preparations are being made to allot the company’s shares on Friday after the pre allotment concluded on Tuesday.
As the demand for the company shares have turned out to be higher, the distribution of the shares will be done in accordance with the Securities Issue and Allotment Guidelines.
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The company has issued a total of 800,000 shares at a price of Rs 100 per unit. Of them, 5 percent or 40,000 units are set for collective investment funds and 2 percent or 16,000 units for the employees of the company. The remaining 744,000 units are for the general public. The company had also issued 400,000 units of shares to the locals of the project-affected area.
The company’s capital which stands at Rs 280 million at the moment is estimated to increase to Rs 400 million after the IPO is issued.
