KATHMANDU, August 25: Terhathum Power Company is issuing its Initial Public Offering (IPO) from today. According to the company, the IPO offering will remain open till August 29 and will be extended till September 4 if it is not fully sold.
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.
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Interested investors can apply for a minimum of 10 units and a maximum of 60,000 units. Earlier, the company had issued 400,000 units to the locals of the project-affected area.
The company’s capital stands at Rs 280 million at the moment. The capital is estimated to increase to Rs 400 million after the IPO is issued. The general public can apply for the IPO through banks and financial institutions that are licensed by the Securities Board of Nepal and through 'mero share' app.
