Tehrathum Power Opens 100% Right Share Issue from Today

Tehrathum Power Company Limited (TPC) has opened applications for its 100% right share issue starting today, Asar 16 (July 1, 2025). The company is issuing new shares in the ratio of 1:1, meaning shareholders holding one existing share are entitled to apply for one additional right share. A total of 4 million right shares, each with a face value of NPR 100, amounting to NPR 400 million, are being issued.

The book closure for the right share issuance was done on Jestha 5. Accordingly, shareholders listed on NEPSE as of Jestha 4 are eligible to apply. Applications can be submitted until Shrawan 4 (July 19, 2025).

Credit rating agency ICRA Nepal has given the issue a [ICRA NP Issuer Rating] of Double B (BB), indicating moderate risk in timely servicing of financial obligations.

Nabil Investment Banking Limited is the issue manager for the right shares. Shareholders can apply through the issue manager, designated branches of Nabil Bank in Chhathar, Myanglung, Fedap, Sankranti Bazar, and Kumari Bank’s Menchhyayem branch. Applications are also accepted through ASBA-approved banks and financial institutions licensed by the Securities Board of Nepal.

Currently, the company’s paid-up capital is NPR 400 million. After the allotment of the right shares, the paid-up capital will reach NPR 800 million.

The funds raised from the right shares will be used to partially repay the company’s outstanding loans. Tehrathum Power currently has NPR 926.1 million in debt from Machhapuchchhre Bank, Nabil Bank, and Global IME Bank. From the collected funds, NPR 160 million will be paid to Machhapuchchhre Bank, and NPR 120 million each to Nabil Bank and Global IME Bank.