Jhapa Energy Extends IPO Application Deadline by One Day

Kathmandu – Jhapa Energy Limited has extended the deadline for general investors to apply for its Initial Public Offering (IPO) by one day. The company had originally set the deadline until Bhadra 29, but due to disruptions caused by the Gen-Z movement, investors can now apply until Monday (Bhadra 30).

The company has already completed the allotment of IPO shares issued in the first phase to project-affected locals and Nepalis working abroad. In the second phase, it is offering shares to the general public.

Jhapa Energy has received approval to issue a total of 3,801,090 shares. Out of this, 380,190 shares were allocated to project-affected locals, while 57,029 shares were sold to Nepalis in foreign employment.

The IPO for project-affected locals was open from Shrawan 14 to 28, and for migrant workers from Shrawan 14 to 18. Himalayan Capital Limited is serving as the issue manager for this IPO.