NIBL Ace Capital has been appointed as the issue manager by Terhathum Power Company Limited. The company will be issuing 12,00,000 unit shares, out of which 4, 00,000 units will be issued to locals and 8,00,000 to the general public. The agreement was signed by Mohan Kumar Dangi, Managing Director of Terhathum Power Company and Mekh Bahadur Thapa, General Manager of NIBL Ace Capital. Terhathum Power Company is building hydro project in Upper Khorunga Khola with capacity of 7.5 MW. The company has an authorised capital/ issued capital of Rs 40 crores and paid up capital of Rs 28 crores. After the issuance of IPO, its paid up capital will reach to Rs 40 crores.