Trade Tower Limited has successfully registered its Initial Public Offering (IPO) with the Central Depository System and Clearing Ltd. (CDSC). On Wednesday, CDSC, Trade Tower Limited, and registrar company Laxmi Sunrise Capital Limited signed an agreement for the dematerialization of the securities.
IPO shares to be credited to investors’ demat accounts
With the registration process now complete, the IPO shares will soon be credited to the demat accounts of investors. Following this, the company’s shares will be listed on the Nepal Stock Exchange (NEPSE).
Shares will be tradable from the second day of listing
Once listed on NEPSE, investors can start trading the shares on the secondary market from the very next day.
Expected opening price range set by NEPSE
For the first day of trading, NEPSE is likely to set an opening price range for Trade Tower Limited’s shares between a minimum of NPR 123.09 and a maximum of NPR 369.27.
