Trade Tower Limited is going to issue an IPO for Nepalese employed abroad in the first phase from 8th Baisakh, 2082.
Trade Tower IPO
The company has received permission from the Nepal Securities Board for the issuance of 397,169,units of IPO at a face value of Rs 100 per unit, equivalent to Rs 3,97,16,903 at a rate of 48.696 percent of its issued capital of Rs 815,699,700.
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Accordingly, the company is going to issue 397,169.30 units of shares worth Rs 397,169,930 for Nepalese employed abroad in the first phase.
How
to Apply Latest IPO Share Issue:- Trade Tower Limited IPO to the public from Baisakh 8, 2082 BS . If you have money
to invest and regularly apply for IPO issued then this could be a best
opportunity to double your income. Follow the simple steps to apply this COmpany IPO share reading this article and also know about the
company.
Trade Tower Limited Symbol
The Trade Tower Limited symbol is TTL. You could name only Trade Tower and in symbolically as TTL IPO.
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Trade Tower IPO Dates & Time
In
the initial public offering Trade Tower ipo is going issue
from 8th Baisakh 2082. In a hurry there will be five days to apply for
this IPO till 14th Bhadra 2082. If the Issued Share is hot occupied by
the applicants then further 10 day will be added and the IPO issue date
will be extended to 24th Baisakh, 2082.
- IPO Issue Start Date: 8th Bhadra 2082
- IPO ending Date(Hurry): 14th Bhadra 2082 & Time 5:00 PM
- IPO Ending Final Date: 24th Bhadra 2082 & Time 5:00 PM
About Trade Tower Ltd.
Trade Tower was established in 2007 in Thapathali, Kathmandu. The owner holding more than 51% share is Mr. Shiva Hari Dangal is also the Chairman of the company. The corporate client of Trade Tower Group of Company is NIC ASIA, The British College, Hotel Crystal Pashupati, and 3 Stars Hotel in Gaushala and so on.
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Share Apply Quantity
As per the share invitation letter by the company, out of the total 81.56 (Eighty One Crore and Fifty Six lakhs) issued Capital, 48.696% percent i.e. 3,971,693 units worth 39.71 Crores will be issued for public offering and 10% of issue capital i.e. units shares will be issued to Nepalese in Foriegn countries around the world.
The general public investors could only apply
for 39,71,693 units shares out of total issue later. Our
suggestion is not to apply for more than 10 units but this does not
means that you cannot apply more. Its on your hand to apply the required
quantity of shares.
- Total Share Issued: 3,97,693 Units
- Reserved for Employees: N/A Units
- Reserved for Mutual Fund: N/A Units
- General Public Can Apply: 39,71,693 Units
How to Apply Trade Tower IPO Share
You can apply visiting the nearest bank and financial institution that are participating in the CASBA service as well as through meroshare app, website and software to apply this share.
- Login to your Meroshare account
- Go to My ASBA
- Click on Apply Shrijanshil Share IPO
- Choose your bank, select the units, Type CRN Number
- Click Next
- Type 4 Digit Pin
- Apply for share
Care Rating Nepal, Kamaladi, Kathmandu ICRA Nepal has given Double BB Minus (Issuer) rating for Trade Tower (TTL).This shows that the position of the company is moderate risk of default regarding timely servicing of financial obligations. This also shows the Tower is more at the safer side to invest.
Sunrise Capital Limited has been appointed as the issue and sales manager for issuing the IPO of Trade Tower.
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Conclusion
If you have any confusion regarding applying the share then you could directly contact by the means of comment. If you want any updates regarding upcoming IPO then stay tuned with us and share this information with friends.
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