Jhapa Energy Limited to Open IPO from Shrawan 14

Jhapa Energy Limited is set to issue its Initial Public Offering (IPO) from Shrawan 14, targeting project-affected locals and Nepali citizens working abroad.

As per the approval received from the Securities Board of Nepal (SEBON) on Ashad 31, the company will issue a total of 950,475 shares at a face value of NPR 100 each. Out of the total issuance, 380,190 shares (10% of issued capital) are allocated for locals of the affected area, and 57,029 shares (15% of the public issue) for Nepalis in foreign employment.

Among the shares reserved for locals, 190,095 shares are for residents within a 100-meter radius of the project site in Shivsatakshi Municipality–Ward 4, and the remaining 190,095 shares are for residents outside this immediate area.

Interested investors from both groups can apply for a minimum of 10 shares and a maximum of 5,000 shares. Application forms can be obtained and submitted at Himalayan Bank’s Duhabi, Damak, and Surunga branches, and Machhapuchchhre Bank’s Damak and Surunga branches.

The IPO for project-affected locals will close as early as Shrawan 28 and no later than Bhadra 12. For Nepalis working abroad, the application window will close between Shrawan 18 and Shrawan 28.

Himalayan Capital Limited is the issue and sales manager for this IPO.