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Terhathum Power Company IPO

terhathum power company ipo

A total of 8,00,000 units worth Rs 8 crore will be offered to the general public by Terhathum Power Company Ltd. on November 1st. 9. Bhadra – Bhadra 13, 2078 will be the closing date for the issue. A deadline extension can be granted for Bhadra 23 if the issue has not been fully subscribed by Bhadra 13.

In all, 8,00,000 shares were offered, of which 2% of the total were offered to the public. The company reserved approximately 16,000 shares for employees and 5% for mutual funds. The public has access to 74 thousand units.

For the interested investors, a minimum of 10 units is required, and a maximum of 60,000 units is available.

Issue manager for the IPO is NIBL Ace Capital Limited. 

The first 4 lakh units have already been distributed to locals in the affected area, and the rest, i.e. 8 lakh units, have been issued to the general public. 

Locals of project-affected areas will receive IPO shares from Terhathum Power Company Limited

The company will have 70:30 promoter to public shareholding ratio, as well as a paid-up capital of Rs 40 crore after the IPO takes place in two phases.

The proceeds of the IPO will be utilized to develop the Upper Khorunga Small Hydropower Project, which is designed to generate 7.5 MW of electricity. As a result, ICRA Nepal has assigned the proposed IPO of Terhathum Power Company Limited (TPCL) a rating of [ICRANP] IPO Grade 4+, indicating weak fundamentals.

Terhathum Power Company is offering 8 lakh shares to the general public through a public offering

There will be an Initial Public Offering of 8,00,000 units by Terhathum Power Company Limited from (Bhadra 9-13, 2078) for a price of Rs 8 crore. In case the issue cannot be fully subscribed by Bhadra 13, it will be extended to Bhadra 23, 2078, if it is not fully subscribed by Bhadra 13.

There are 8,00,000 shares available to the general public; 2% of those shares – 16,000 units – have been set aside for the company’s employees, and 5% of the total number of shares, 40,000 units, have been allocated to mutual funds. Seventy-four thousand units remain for sale to the general public.

A maximum of 60,000 units can be applied for by those interested in applying for a minimum of 10 units.

The IPO will be managed by NIBL Ace Capital Limited. 

One million shares of the company’s registered shares will be issued to the general public. A total of 30% of the paid-up capital of the company is at stake here.  Ashad 10, 2078, was the date SEBON approved the proposal.  4 lakh units have already been distributed to residents of the affected areas, making up 20% of the total. The remainder, 8 lakh units, will be distributed to the general public. 

Locals from project-affected areas receive IPO shares from Terhathum Power Company Limited

As a result of the two phases of the IPO, the promoter-public shareholding ratio and paid-up capital of the company will be 70:30.

IPO proceeds are intended for the development of the Upper Khorunga Small Hydropower Project, which will generate 7.5 MW. It has assigned Terhathum Power Company Limited (TPCL) a rating of [ICRANP] IPO Grade 4+, which indicates that the fundamentals are below average.

 

Terhathum Power Company Limited (TPCL) had been a private company since August 16, 2009, however, it was reorganized to become a public company on June 21, 2018. As of mid-July 2019, the paid-up capital of the company was NPR 280 million, 100% owned by the promoters. After the proposed IPO, the proposed NPR 400 million would be held 70:30 by the promoters and the general public. 

 

Locals from project-affected areas receive IPO shares from Terhathum Power Company Limited

Local residents of Terhathum districts affected by the IPO of Terhathum Power Company Limited have been awarded shares of the company.

Shrawan 5 marked the opening of the IPO for locals. The IPO will be managed by NIBL Ace Capital Limited.

1,000,000 of the 4,000,000 publicly traded shares are registered on the company’s books. In other words, the company has paid up 30% of its capital. On Ashad 10, 2078, SEBON approved the proposal. Of the total 12 lakh units, 4 lakh were issued to the residents of the project affected area while the remaining 20% i.e. 8 lakh units were distributed to the general public.

As a result of the two phases of the IPO, the promoter-public shareholding ratio and paid-up capital of the company will be 70:30.

IPO proceeds are intended for the development of the Upper Khorunga Small Hydropower Project, which will generate 7.5 MW. Terhathum Power Company Limited (TPCL) had been a private company since August 16, 2009, however, it was reorganized to become a public company on June 21, 2018.

 

Terhathum Power Company Limited closes IPO with 23,57,009 applicants

A total of 8,00,000 unit shares have been issued in the IPO by Terhathum Power Company Limited. On Bhadra 9, the issue was raised.

2% of the total shares offered to the general public, which translates into 16,000 units, were set aside for the company’s employees. 5% were earmarked for mutual funds. A total of 7,44,000 units were in general distribution.

As the issue manager for the initial public offering, NIBL Ace Capital Limited was appointed. Approximately 23,57,009 applicants have applied for a total of 3,12,54,220 units, according to the issue manager. Data as of today’s deadline at 5 p.m. This is the data for today’s issue.

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