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Terhathum Power company Limited IPO issue Details | TPCL IPO issue

The IPO Application of Terhathum Power Company Limited is open from today, 25th August, 2021 (9th Bhadra, 2078 ). This company has opened IPO application to the general public The Sales and issue manager of TPCL is NIBL Ace Capital.



Table of Content


IPO Issue Details

Issue Manager

NIBL Ace Capital Limited

Issue Open Date

25th August, 2021

Issue Closing Date (earliest)

28th August, 2021

Issue Closing Date (Late)

8th September, 2021

Minimum Application

10

Maximum Application

60,000

Credit Rating

ICRANP BB-

Meanwhile the total number of IPO units is 8 lakh units share where employees are allocated 16000 units share. 40000 units shares are allocated to the mutual fund. The general public are applying for 744000 units shares

About Company: 

Terhathum Power Company Limited (TPCL) was established in 2009 AD. TPCL was converted as a public limited company on 21st June 2018. Meanwhile, the promoter has held 100% shares. After the IPO allocation, the shareholding ratio of this company will be 70:30, promoter: general public. The recent paid-up capital of this company is 28 crore which will reach 40 crore after IPO allotment.

How to Apply IPO ?

General people can apply IPO from the all the branches of  ASBA members bank and financial institutions. Mero share user can apply for IPO through online.  mero share is the web based and mobile based application which is developed by CDSC Nepal limited and promoted by Nepse. This application is very helpful for apply initial pubic offering IPO. If you want to create mero share account, you have to fill-up the form of application form which are available on different capital and banks. You will get mero share user name and password after some days of applications form submission

Summary 

At the current time the price of hydropower on secondary market is increasing day by day. So that the application volume will be higher then the issued shares for this IPO. We suggested you to apply 10 units. If you got the IPO shares via lottery the price share will be high as comparison to the par value of shares. This is purely our view so that the decision is yours while you are investing.
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