Trade Tower's IPO Opening for General Public from Jestha 14

Kathmandu, Jestha 5. Trade Tower Limited will issue ordinary shares (IPO) for the general public starting from Jestha 14. The company is issuing 100 rupees face value amounting to 32,96,505.19 shares. Investors can apply for a minimum of 10 shares and a maximum of 1,000 shares.

The Securities Board of Nepal had granted the company permission to issue a total of 39,71,693 shares on Chaitra 25. The approval included:

• 10% or 3,97,169.30 shares has already been issued to Nepalis in foreign employment between Baisakh 8 and 22.

• 5% or 1,98,584.64 shares is allocated for collective investment funds.

• 2% or 79,433.86 shares will be distributed to the company's employees.

The remaining 32,96,505.19 shares are set to be opened for the general public.

The application period for general investors wishing to invest in Trade Tower Limited's IPO is until Jestha 19. If there are insufficient applications for all shares within this period, the application deadline will be extended until Jestha 28.

Investors can use approved C-ASBA member banks and financial institutions along with their designated branches to apply for this IPO. Additionally, applications can also be easily submitted through the online system ‘Mero Share’.

The management of the IPO issuance and sale is handled by Laxmi Sunrise Capital Limited, which will conduct the application process smoothly.

This IPO has been rated ICRA Nepal (ICRA Nepal) with an ‘ICRANP-IR BB-’ issuer rating, indicating a medium risk level in the company's ability to meet its obligations.