KATHMANDU, April 21: Trade Tower began issuing its Initial Public Offering (IPO) from Monday. In the first phase, the company has opened the IPO specifically for individuals who are currently working abroad.
A total of 397,169.30 units of IPO have been allocated for individuals working abroad. They can apply for 10 to 1,000 units at a face value of Rs 100 per share until May 5.
The company has received permission to issue 3.971 million IPO units worth Rs 397.16 million, representing a total of 48.69 percent of the issued capital of Rs 815.6 million.
As of Poush (mid-January), the company has reported an accumulated profit of Rs 56 million, with an earnings per share (EPS) of Rs 1.88 and a net worth per share of Rs 113.39.
The company had applied for IPO issuance approval with SEBON in mid-June–mid-July 2022 and received approval on April 7, 2025.
Laxmi Sunrise Capital Limited is the issue and sales manager for the company's IPO.