Terhathum Power Company IPO Date

 Terhathum Power Company will be issuing 8 million units of shares as the initial public offering (IPO) from Bhadra 9-13.

Out of the offered 8,00,000 units; 2% of the total offered shares to the general public i.e. 16,000 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 40,000 units have been set aside for the mutual funds.

The remaining 7,44,000 units are for the general public.

Terhathum Power Company has appointed NIBL Ace Capital Limited as its IPO issuance manager.

ICRA Nepal has assigned a rating of [ICRANP] IPO Grade 4+ to the proposed initial public offering (IPO)
of Terhathum Power Company Limited (TPCL), indicating below-average fundamentals. ICRA Nepal
assigns IPO gradings on a scale of 1 to 5, with Grade 1 indicating strong fundamentals and Grade 5
indicating poor fundamentals. For the grading categories 2, 3 and 4, the sign of ‘+’ (plus) appended to the
grading symbol indicates its relatively better position within the grading category concerned. TPCL is
proposing to come out with an IPO of 1,200,000 equity shares with a face value of NPR 100 each, at par.
The IPO proceed has been planned to be utilised towards the development of the 7.5-MW Upper Khorunga
Small Hydropower Project.

About the Company

Incorporated in August 16, 2009 as a private limited company, Terhathum Power Company Limited (TPCL)
was converted to a public limited company on June 21, 2018. The paid-up capital of the company as of
mid-July 2019 was NPR 280 million, which is 100% promoter held. After the proposed IPO, the same would
reach to NPR 400 million and would be held in a ratio of 70:30 by the promoters and the public.