The Securities and Exchange Board of Nepal (SEBON) has approved Terhathum Power Company Limited (TPCL) to conduct an initial public offering (IPO).
A total of 1.2 million shares will be offered to both project-affected locals and the general public at a face value of Rs 100 per share.
In the total of 1.2 million units being built, about 400,000 units worth Rs. 40 million will be awarded to project-affected residents, while approximately 800,000 units worth Rs. 80 million will be allocated to other affected citizens.
When the company launches its IPO, its paid-up capital will be Rs 400 million. NIBL Ace Capital is responsible for the IPO and sale of Terhathum Power Company Limited.
The Hydropower Company is constructing a 7.5 MW hydroelectric power plant in the upper Khorunga River in the Tehrathum district.
Table of Contents
The timeline below contains historic events of the listing of Tehrathum Power Company ltd on NEPSE :-
|Terhathum Power Company announced the second AGM on Shrawan 32, 2076; endorsement of the decision to issue IPO among other agendas.
|ICRA Nepal provides a below-average grade to the proposed IPO of Terhathum Power Company.
|SEBON adds IPO issue of Terhathum Power Company Limited under preliminary review; 1.20 Million units of shares to be issued
|Tehrathum Power Co. Ltd Announced to Issue 12,00,000 Shares to Public
|IPO for project-affected locals of Terhathum District: Terhathum Power Company 4,00,000 units IPO shares from Shrawan 5
|Terhathum Power Opened Its IPO for Locals
|Last Day to Apply for IPO of Terhathum Power Company for Locals of Terhathum District
|Terhathum Power Company Limited Allots IPO Shares to Locals of Project-Affected Area
|IPO Open: Terhathum Power Company Issued 8 Lakh Units IPO Shares and oversubscribed 10 Times on the First Day Itself
|IPO of Terhathum Power Company Oversubscribed Over 23.52 Times As of Second Day
|IPO of Terhathum Power Company Limited Closes With 23,57,009 Applicants
|IPO Allotment of Terhathum Power Company Limited.
IPO Allotment of Terhathum Power Company Limited
On 2021-09-10, IPO Allotment of Terhathum Power Company Limited has been announced.
Terhathum power company limited publishes its IPO results on September 10, 2021. Pre-allotment results for IPO show that from the 8,000,0000 units offered, 2% went to employees, 5% to mutual funds, and the remaining 7,44,0000 went to the general public. In total, 23,57,009 individuals applied for a total of 3,12,54,220 units, according to NIBL Ace Capital Limited issue manager.
To know how to check the status of IPO allotment for Terhathum power company limited, check our guide https://investornepal.com/ultimate-guide-to-check-ipo-results-in-nepal/