Jhapa Energy to Issue 950,000 IPO Shares with SEBON Approval

Jhapa Energy Limited has received approval from the Securities Board of Nepal (SEBON) to issue its Initial Public Offering (IPO). The approval, granted on Ashar 31, allows the company to issue a total of 950,475 shares worth Rs. 95,047,500 to the public.

The company has already completed the construction of its 10 MW solar power project in Jhapa district, which officially commenced production from Magh 10, 2080. Himalayan Capital Limited has been appointed as the issue manager for this IPO.