The much-anticipated IPO allotment for Trade Tower Limited (TTL) concluded today, Sunday, June 15, 2025. The event took place at Hotel Crystal Pashupati in Gaushala, Kathmandu, under the supervision of LS Capital Limited, the issue manager.
Trade Tower Limited issued a total of 32,96,505.19 units of shares at a par value of Rs. 100 per unit, amounting to Rs. 32.96 crores. The issue was oversubscribed by more than 7.31 times, with 2,074,285 applications received for 24,117,480 units. However, only 329,650 applicants were allotted 10 units each through a lottery system. Additionally, 5 applicants received 1 unit each, and 1 applicant was allotted 0.19 units.
Established in 2007 and based in Thapathali, Kathmandu, Trade Tower Limited is a public limited company engaged in leasing, financing, and infrastructure development. Its flagship project, Trade Tower Thapathali, has been operational since April 2011. The company recently launched Hotel Crystal Pashupati, a three-star hotel in Gaushala, which began partial operations in mid-April 2024 with 49 out of 90 rooms and two conference halls.
Investors can check their IPO allotment status through the following platforms: MeroShare by logging in and navigating to the “Application Report” section, the CDSC IPO Result page by entering their BOID, and the LS Capital Limited official website.
ICRA Nepal has reaffirmed a [ICRANP-IR] BB- issuer rating for Trade Tower Limited, indicating a moderate risk of default in meeting financial obligations. This rating reflects the company’s overall creditworthiness and is not tied to any specific debt instrument.
