Trade Tower Company has received approval from the Securities Board of Nepal to issue its Initial Public Offering (IPO). The company plans to offer 3,971,693 shares at a face value of NPR 100 per share, representing 48% of its total capital. Laxmi Sunrise Capital will manage the IPO sales, and the company will be listed under the “Others” category on the Nepal Stock Exchange (NEPSE).
About Trade Tower Company
Originally established as Kanchanjunga Housing Limited, the company was rebranded as Trade Tower Company and has been actively involved in housing and hospitality projects. Here’s a closer look at its key ventures:
- Trade Tower, Thapathali
- The company operates a commercial building in Thapathali, Kathmandu, constructed on land leased from the Nepal Food Corporation for 32 years.
- The building has been generating rental income for the past 12 years, serving as a steady revenue source.
- Bhaisepati Public Housing Project
- The company completed and sold a residential housing project in Bhaisepati.
- Crystal Hotel, Gaushala
- Trade Tower runs the Crystal Hotel in Gaushala, featuring 90 luxury rooms. Income from the hotel contributes significantly to its earnings.
Revenue Streams
The company’s primary income sources include:
- Rental earnings from the Trade Tower building.
- Hospitality revenue from Crystal Hotel operations.
Why This IPO Matters
The IPO marks a key milestone for Trade Tower, allowing public investors to own a stake in its diversified portfolio. With established projects like the Thapathali building and Crystal Hotel, the company demonstrates stable revenue generation, making it an attractive opportunity for investors seeking exposure to Nepal’s real estate and hospitality sectors.