KATHMANDU, April 13: Trade Tower Limited is set to issue its IPO starting from April 21. In the first phase, the company will offer the IPO exclusively to individuals working abroad.
A total of 397,169.30 shares, which is 10 percent of the total IPO issuance, will be allocated for individuals working abroad.
The company is set to issue 3.97 million shares worth Rs 397.17 million, which represents 48.69 percent of its total issued capital of Rs 815.6 million.
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Individuals currently employed abroad can apply for 10 to 1,000 shares at a face value of Rs 100 per share by May 5.
As of Poush (mid-January), the company has reported a retained profit of Rs 56 million. During this period, its earnings per share (EPS) stood at Rs 1.88, while the net worth per share was Rs 113.39.
The company had submitted an application to SEBON in Ashar 2079 BS seeking approval to issue an IPO, which was granted on April 7, 2025.
Laxmi Sunrise Capital Limited is the issue and sales manager for the company's IPO.