KATHMANDU, May 19: Trade Tower Company is set to issue an IPO to the general public starting from May 28.
The company plans to offer 3296,505.19 units of shares worth a total of Rs 329.65 million.
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The general public can apply for a minimum of 10 and up to a maximum of 100,000 shares at a face value of Rs 100 per share until June 2, 2025.
Prior to this, the company had issued shares to project-affected locals, individuals employed abroad, and mutual funds.
For the IPO issuance, ICRA Nepal has assigned the company a rating of “ICRA NP Issuer Rating Double B Minus,” indicating a moderate risk in the company’s ability to meet its financial obligations.
Laxmi Sunrise Capital is the issue and sales manager for the IPO.
