Terhathum Power Company Limited (TPCL) has received permission from the Securities and Exchange Board of Nepal (SEBON) to issue an IPO to the public. The company has received permission from the board to issue 1.2 million IPOs worth Rs 120 million.
The company will issue 1.2 million shares at a face value of Rs 100 per share to the project-affected locals and the general public.
Out of the total 1.2 million units, 400,000 units worth Rs. 40 million will be released to the project affected locals and the remaining 800,000 units worth Rs. 80 million.
The company's paid-up capital will reach Rs 400 million after the IPO issue. The IPO issuance and sales manager of Terhathum Power Company Limited is NIBL Ace Capital.
The Hydropower Company is constructing a 7.5 MW capacity project on the Upper Khorunga River in the Tehrathum district.
IPO Upcoming IPO