(TTL) Trade Tower IPO Opens for General Public from Jestha 14, 2082

Trade Tower Limited is set to open its Initial Public Offering (IPO) for the general public from Jestha 14, 2082. The company had earlier issued shares specifically allocated to Nepali citizens working abroad, and now it’s extending the offer to the wider Nepali public. Out of the total IPO approval of 39,71,693 units (valued at Rs. 39.71 crores) — which amounts to 48.696% of the company's issued capital of Rs. 81.56 crores — the company will now issue 32,96,505.19 units of ordinary shares to the general public at a par value of Rs. 100 each, totaling Rs. 32.96 crores.

Earlier allocations included:

• 3,97,169.30 units for Nepalis working abroad,

• 1,98,584.65 units for mutual funds, and

• 79,433.86 units for company employees.

Applicants can apply for a minimum of 10 units and up to a maximum of 1,000 units. The earliest closing date for the IPO is Jestha 19, but if under-subscribed, the deadline may extend to Jestha 28.

Laxmi Sunrise Capital Limited is the issue manager for this IPO. Interested investors can apply through all ASBA-approved banks and financial institutions, their designated branches, or via the online Mero Share platform developed by CDS & Clearing Limited.

For this IPO issuance, ICRA Nepal has assigned a rating of [ICRANP-IR] BB-, indicating a moderate risk in the company’s ability to meet its financial obligations.