KATHMANDU, April 21: Trade Tower began issuing its Initial Public Offering (IPO) from Monday. In the first phase, the company has opened the IPO specifically for individuals who are currently working abroad.
A total of 397,169.30 units of IPO have been allocated for individuals working abroad. They can apply for 10 to 1,000 units at a face value of Rs 100 per share until May 5.
Trade Tower Limited to issue IPO for overseas workers from Apri...
The company has received permission to issue 3.971 million IPO units worth Rs 397.16 million, representing a total of 48.69 percent of the issued capital of Rs 815.6 million.
As of Poush (mid-January), the company has reported an accumulated profit of Rs 56 million, with an earnings per share (EPS) of Rs 1.88 and a net worth per share of Rs 113.39.
The company had applied for IPO issuance approval with SEBON in mid-June–mid-July 2022 and received approval on April 7, 2025.
Laxmi Sunrise Capital Limited is the issue and sales manager for the company's IPO.
