Terhathum Power Company Limited will issue 8,00,000 units IPO shares with Rs 8 crore value for the general public from Bhadra 9 to Bhadra 13, 2078. The general closing date of IPO is Bhadra 13, 2078 but if it is not subscribed till the date, then it will be extended up to Bhadra 23, 2078 according to general rule of IPO issue.
The company will issue the total of 8,00,000 units IPO share. Out of them 2% of the total issues shares 16,000 units have been separated for the company’s employees. Similarly, 5% of the total issues 8,00,000 shares, 40,000 units have been separated for the mutual funds. Only the remaining 7,44,000 units are for the general public to apply. According to issue manager, the interested applicants can apply minimum of 10 units and a maximum of 60,000 units share. But we suggest you, a total of 10 units apply is enough for this issue due to the huge numbers of interested applicants. You will get only 10 units through lottery when the IPO will be allotted.
The IPO issuance was done by issue manager NIBL Ace Capital Limited. As per the rule, if the IPO did not sell in the market, NIBL Ace Capital Limited will accept all the IPO of the company. But it did not happen in current situation.
Terhathum Power Company Limited had already issues and allocated 400,000 shares for local public of project affected area. Out of the total 1,200,000 units approved shared by SEBON on Ashad 10, 2078. The remaining 20%, 800,000 shares were issued for general public now. The company has 4,000,000 registered shares among which 1,200,000 shares has issued to the public. This is 30% of the company’s paid-up capital as per the company statement.