Trade Tower Starts Issuing IPO from Today

Kathmandu: Trade Tower Limited has officially opened its Initial Public Offering (IPO) to the general public from May 28, following the successful completion of its first-phase issuance to foreign migrated workers.

The company, with an issued capital of Rs 815,609,700, received approval to offer 48.696% of its shares—totaling 3,971,693 ordinary shares—at a face value of Rs 100 per unit.

During the initial phase, Trade Tower had allocated:

• 397,169.30 units to foreign migrated workers,
• 198,584.65 units to mutual funds, and
• 79,433.86 units to its employees.

In the current second phase, the company is offering 3,296,505.19 units to the general public, amounting to Rs 329.6 million.

Interested investors can apply for a minimum of 10 and a maximum of 1,000 shares. The IPO offering will close early on June 2, with the final closing date set for June 11, depending on subscription levels.

Sunrise Capital Limited has been appointed as the issue manager. Applications can be submitted through all C-ASBA-approved banks and financial institutions, as well as via the Meroshare platform.

Credit rating agency ICRA Nepal has assigned a [ICRANP] IPO Grade BB-, indicating moderate credit risk associated with the issuer.