Tehrathum Power Company Limited IPO

Tehrathum Power Company Limited is issuing 800000 units of shares as the initial public offering (IPO) from today. The issue will close on Bhadra 13, 2078

The company has already issued an IPO worth Rs 40 million for the project-affected locals in the first phase. The public will be able to apply for the IPO, which is currently issued in the second phase.

Of the total offered units shares by the company, 2 percent or 16,000 units shares are set aside for the employees of the company while another 5 percent or 40,000 shares has been set aside for mutual funds, and the remaining 744,000 shares for the general public.

Tehrathum Power Company Limited has appointed NIBL Ace Capital Limited as its IPO issuance manager.

Investors interested in the company’s IPO can apply for a minimum of 10 units and a maximum of 60,000 units. All IPO member banks and financial institutions approved by the Nepal Securities Board, designated branch offices and Mero Share mobile app can also apply for the company’s IPO.

ICRA Nepal has assigned a rating of [ICRANP] IPO Grade 4+ to the proposed initial public offering (IPO) of Terhathum Power Company Limited (TPCL), indicating below-average fundamentals. I

Currently, the company’s paid-up capital is Rs 280 million. After the IPO issuance of Rs 40 million to the locals and Rs 80 million to the general public, the company’s payment will reach Rs 400 million.

About the company

Incorporated in August 16, 2009 as a private limited company, Terhathum Power Company Limited (TPCL)
was converted to a public limited company on June 21, 2018. The paid-up capital of the company as of
mid-July 2019 was NPR 280 million, which is 100% promoter held. After the proposed IPO, the same would
reach to NPR 400 million and would be held in a ratio of 70:30 by the promoters and the public.