Jhapa Energy Limited Opens IPO for General Public

Jhapa Energy Limited has opened its Initial Public Offering (IPO) for the general public starting today (Bhadra 20). The company received approval from the Securities Board of Nepal (SEBON) on Ashad 31 to issue a total of 950,475 shares at a face value of Rs. 100 per share.

Earlier, the company had already allocated 380,190 shares (10% of issued capital) to locals of the project-affected area and 57,029 shares (15%) to Nepali citizens working abroad. Similarly, 28,514 shares were reserved for mutual funds, and 11,406 shares were set aside for company employees.

Now, the remaining 473,336 shares are open for general investors. Interested applicants can apply for a minimum of 10 shares and a maximum of 5,000 shares until Bhadra 24. If sufficient applications are not received within this period, the deadline will be extended until Asoj 3.

However, considering recent market trends, it is highly likely that the IPO will be oversubscribed within the initial deadline. Himalayan Capital Limited is the issue and sales manager for this IPO.